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Taiwan 2020 Foreign Special Professionals Can Apply for Income Tax Exemption from 2018
Foreign Special Professionals Can Apply for Income Tax Exemption from 2018
National Taxation Bureau announced to enhance the recruitment of foreign special professionals that a foreign special professional can apply for tax break from 2018, if one meets certain requirements under the Article 9 of the Act for the Recruitment and Employment of Foreign Professionals and Regulations Governing Reduction and Exemption of Income Tax of Foreign Special Professionals.
The Bureau further indicated that, if a foreign special professional meets certain requirements for the first three years starting from the first year of residence in Taiwan for at least 183 days of the year and has an annual salary over NTD 3 million, one half of the income exceeding the referred may be excluded from the gross income. In addition, his or her overseas income may be excluded from the basic income tax. These measures aim to attract international foreign special professionals and foster recruitment by reducing the tax burden in Taiwan.