Tw Tax Overview

---
name: tw-tax-overview
description: "Source-cited draft: tax overview for Taiwan (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review."
license: "AGPL-3.0-or-later (code) / OpenAccountants Guide License v1.0 (content)"
metadata:
  source: openaccountants
  openaccountants_url: "https://www.openaccountants.com/skills/tw-tax-overview"
  jurisdiction: "TW"
  tax_year: "2025"
  last_updated: "2026-07-13"
---

# Taiwan Tax Overview

## The system at a glance

Taiwan (Republic of China) taxes individuals and profit-seeking enterprises on a largely territorial (Taiwan-source) basis, administered by the Ministry of Finance through the National Taxation Bureaus. The tax year is the calendar year and the currency is the New Taiwan Dollar (TWD/NT$).

- **Standard tax year** — Calendar year (1 January – 31 December)  _([Income Tax Act](https://taxsummaries.pwc.com/taiwan))_
- **Currency** — New Taiwan Dollar (TWD / NT$)  _([Ministry of Finance](https://taxsummaries.pwc.com/taiwan))_
- **Tax authority** — Ministry of Finance, via the National Taxation Bureaus (e.g. NTB of Taipei) and eTax Portal  _([Ministry of Finance Organization Act](https://www.etax.nat.gov.tw/etwmain/en))_
- **Basis of taxation** — Territorial — Taiwan-source income is taxed; foreign-source income is generally outside the regular income tax but may fall under the Income Basic Tax (AMT)  _([Income Tax Act](https://taxsummaries.pwc.com/taiwan/individual/residence))_
- **Headline personal income tax rate** — Progressive 5% to 40% for residents (top bracket on taxable income over TWD 4,980,000) percent  _([Income Tax Act](https://taxsummaries.pwc.com/taiwan/individual/taxes-on-personal-income))_
- **Headline corporate income tax rate** — 20% profit-seeking enterprise income tax percent  _([Income Tax Act](https://taxsummaries.pwc.com/taiwan/corporate/taxes-on-corporate-income))_
- **Does VAT/GST exist?** — Yes — a 5% value-added type business tax (VAT) applies to most goods and services percent  _([Value-added and Non-value-added Business Tax Act](https://taxsummaries.pwc.com/taiwan/corporate/other-taxes))_
- **Annual individual income tax filing deadline** — 1 May – 31 May of the year following the tax year  _([Income Tax Act](https://taxsummaries.pwc.com/taiwan/individual/tax-administration))_
- **Annual corporate income tax filing deadline** — By 31 May following the fiscal year-end (last day of the fifth month after year-end for non-calendar years)  _([Income Tax Act](https://taxsummaries.pwc.com/taiwan/corporate/tax-administration))_
- **Income Basic Tax (Alternative Minimum Tax)** — Individuals 20%; enterprises 12% (a 15% rate is proposed for in-scope multinational groups under the global minimum tax from 2025 — confirm) percent ((approx — confirm 15% MNE rate status))  _([Income Basic Tax Act](https://taxsummaries.pwc.com/taiwan/corporate/taxes-on-corporate-income))_

## Today's figures and who stands behind this skill

This file is an AI skill (tax rules your AI follows) from OpenAccountants, copied on 2026-07-13. Rates, thresholds and deadlines change. For the current version of this skill, its official sources and the named accountant (if any) who stands behind it, call `get_skill` with slug `tw-tax-overview` on the OpenAccountants connector (https://www.openaccountants.com/connect), or read https://www.openaccountants.com/skills/tw-tax-overview. If neither is available, confirm every figure against the official source pages cited above before relying on it.