Taiwan Income Tax Calculator for Foreign Nationals

Legal Taxes
1

Hi everyone,

I know that similar tools are already available, and I truly appreciate the dedication of those who created them. I developed an income tax calculator specifically designed for foreign nationals in Taiwan.

The standard deduction is generally more favorable for most taxpayers, so I’ve simplified the tool by removing itemized deductions. This makes it easier and more straightforward to use.

:point_right:Income tax calculator

For the tax filing, you can download the e-filing software from Ministry of Finance:

Feedback is always welcome!

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This is nice!

What about special deductions? Such as disabled dependents.

I would word the parents part differently, just because you have a parent over the age of 60, doesn’t mean you can list them as a dependent in all cases. Also, the specialized deduction for a child 6 or below is different to the specialized deduction for a child in university, so would be better to separate these two out. See image below:

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There is an official calculator for foreigners that maybe you could base this on:

A long time ago a few of us made a spreadsheet calculator, but I am not sure how accurate it still is. When I compared it with results from the government calculator, it was very slightly off. Here is the link:

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Thank you, Meishijia. I will increase the wording for the requirements to claim dependent deductions and add the special deductions into my next implementation. :smiley:

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4

Hi Everyone,
We’ve just updated Taiwan Income Tax Calculator for 2024! Here’s what’s new and better:

  1. Add Special Deductions
  • College and university tuition deduction (NT$25,000 per child)
  • Pre-school children deduction (NT$120,000 per child)
  • Long-term care deduction (NT$120,000 per person)
  • Hover your mouse over each option to see if you qualify
  1. Enhanced Dependent Deductions Interface
  • Hover over options to see what documents you need
  • Easy selection for parents’ age groups
  1. Clear Results
  • Display 6 tax calculation methods for married couples and 2 methods for single individuals.
  • Automatically highlight the most tax-efficient calculation option.
  • If applicable, dividend income will be calculated separately to determine the most tax-efficient approach.
  1. Works Great on both computers and phones
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