On 18 May 2022, the Ministry of Finance of Taiwan has announced that the late payment surcharge has been reduced to 1% for every 3 days, up to a maximum of 10%. Previously the rate was applicable to 1% for every 2 days, up to a maximum of 15%. If the payment of tax is not made within 30 days of the due date, the interest will be applied from the following day after the expiration of the payment period.
Related Posts
Taiwan extends house tax payment deadline due to holiday, taxpayers urged to pay within statutory window
Taiwan’s Taxation Administration has announced that the statutory payment period for the house tax in 2026 is from 1 May 2026 to 31 May 2026, and the deadline shall be extended to 1 June due to the last day of the payment period falling on a
Read MoreTaiwan expands tax incentives for foreign specialist professionals with five-year income tax relief scheme
Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance, states that, in order to enhance Taiwan's industrial competitiveness and attract foreign specialist professionals, preferential income tax treatment is provided pursuant to Article
Read MoreTaiwan announces income tax filing period for 2025 returns
Taiwan’s Ministry of Finance has released a notice, on 21 April 2026, setting out the income tax return filing period for the 2025 tax year. The Ministry of Finance states that the filing period will begin on 1 May 2026. As that day is a
Read MoreTaiwan: Tax bureau clarifies income recognition for completed construction works
Taiwan’s Southern Area National Taxation Bureau of the Ministry of Finance has stated that income from completed contracted construction works must be reported as operating revenue in full upon completion, regardless of whether payment has been
Read MoreTaiwan: Ministry of Finance extends individual income tax filing deadline
The Ministry of Finance has announced yesterday, 19 April 2026, that the individual tax return filing period for Fiscal Year 114 (2025) will run from 1 May to 1 June of Fiscal Year 115 (2026), with a revised deadline reflecting the impact of
Read MoreTaiwan: Tax bureau clarifies invoicing rules on rental deposits, interest calculation
Taiwan’s Taipei National Taxation Bureau of the Ministry of Finance stated that when businesses rent out property and collect deposits, they must calculate interest on the deposits and issue uniform invoices to report and pay business tax. The
Read More