The Ministry of Finance declared modification to the amounts of exempt pension income in 2017 on 12 December 2016.
The taxable pension income is considered as follows:
Pension income up to TWD 180,000 multiplied by the number of years of service is fully exempt from income tax; 50% of pension between TWD 180,000 and TWD 362,000 multiplied by the number of years of service is taxable; and pension income over TWD 362,000 multiplied by the number of years of service is fully taxable. When pension income is expected in installments, the taxable pension income is the total amount received in a tax year minus TWD 781,000.
