Here are the Taiwan statutory updates for 2025
Effective January 2025
Minimum Wage Increase and Withholding Tax Changes
Taiwan’s minimum monthly wage will increase by 4.08% to NT$28,590 (US$889.68), up from NT$27,470. Additionally, the minimum hourly wage will increase from NT$183 to NT$190.
The Ministry of Finance has also announced amendments to the Income Tax Act’s withholding tax rules, effective 1 January 2025.
Key Changes:
- Shifting accountability for tax withholding from individual responsible persons to the organisations or enterprises making payments.
- Extending withholding tax deadlines by five days when consecutive national holidays exceed three days.
- Granting tax authorities discretionary power to impose penalties based on the severity of violations.
Source: Focus Taiwan and MOF
