The Ministry of Finance declared the allowances, normal inferences, the particular deduction for salary and wages, as well as the individual income tax rates for 2017, on 12 December 2016.
Personal exemption will amount to TWD 88,000 for an individual taxpayer or TWD 132,000 if the taxpayer, his/her spouse and any dependant is aged 70 or over in 2017.The deductions for salary and wages and for the disabled or handicapped will remain unchanged. But the standard deductions are TWD 90,000 for a single taxpayer and TWD 180,000 for a married couple filing a joint return; the deduction for salary and wages amounts to TWD 128,000 for an individual taxpayer, or the actual salary, whichever is lower and the deduction for the disabled or handicapped is TWD 128,000 for each taxpayer.
