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TW Tax 2023

Taiwan Tax Tables 2023 - Tax Rates and Thresholds in Taiwan

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This page contains the tax table information used for the calculation of tax and payroll deductions in Taiwan in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ TW, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Taiwan or would like to add to or suggest amendments to the information herein then please contact us.

Taiwan Personal Income Tax Tables in 2023

The Income tax rates and personal allowances in Taiwan are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Taiwan Tax Calculator 2023.

Taiwan Residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from $ 0.000.00to $ 560,000.00
12%Income from $ 560,000.01 to $ 1,260,000.00
20%Income from $ 1,260,000.01 to $ 2,520,000.00
30%Income from $ 2,520,000.01 to $ 4,720,000.00
40%Income from $ 4,720,000.01 and above
Taiwan Non-residents Income Tax Tables in 2023
Personal Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
5%Income from $ 0.000.00to $ 560,000.00
12%Income from $ 560,000.01 to $ 1,260,000.00
20%Income from $ 1,260,000.01 to $ 2,520,000.00
30%Income from $ 2,520,000.01 to $ 4,720,000.00
40%Income from $ 4,720,000.01 and above

In Taiwan, social security contributions made by employees, such as those for health insurance, labor insurance, and pension contributions, are generally deductible from their gross income for the purpose of calculating taxable income. This means that these contributions can lower the taxable base of an individual, potentially reducing their overall income tax liability. This system is designed to encourage participation in the social security programs and to ensure that taxpayers are not overburdened by the combination of tax and social security obligations.

Taiwan Social Security and Payroll Deduction Rates in 2023

In Taiwan, the social security system is comprehensive, designed to provide various benefits to employees, including health insurance, labor insurance, and pension contributions. Both employers and employees contribute to these schemes, which are intended to offer protection and support throughout different stages of an employee's life. The system is structured to ensure the welfare of workers, their families, and retirees.

Taiwan Social Security in 2023: Rates for Employers and Employees
CategoryEmployeeEmployerTotal
Labor Insurance Program (LIP)2.2%8.8%11%
National Health Insurance Program (NHIP)1.33%3.84%5.17%
Labor Pension Program (LPP)6%6%12%
LIP Occupational accident insurance0%0.14%0.14%
Taiwan Social Security and Payroll Deduction in 2023: Earnings Thresholds for Employers and Employees
CategoryEmployeeEmployer
Min.Max.Min.Max.
Labor Insurance Program (LIP)n/a$ 549,600.00n/a$ 549,600.00
National Health Insurance Program (NHIP)n/a$ 1,800,000.00n/a$ 1,800,000.00
Labor Pension Program (LPP)n/a$ 150,000.00n/a$ 150,000.00
LIP Occupational accident insurancen/an/an/a$ 549,600.00

Taiwan VAT Rates in 2023

VAT rates for Taiwan are reviewed annually, you can use the VAT Calculator to calculate VAT due in Taiwan or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.

Taiwan VAT Rates
VAT RateVAT Description
0%VAT Exempt
0%Zero Rated
5%Standard Rate

Historic Tax Tables supported for Taiwan

The following tax tables are supported by iCalculator™ TW as part of the suite of free tax tools we provide for Taiwan.