Q:
|
What is the basic tax in Taiwan? How to calculate?
|
A:
|
The basic tax amount refers to the tax amount calculated after subtracting the deduction amount and multiplying the tax rate by the basic income amount, which is the basic contribution of the taxpayer's income. The calculation formula is as follows:
Basic tax amount = (basic income - NT$6.7 million) × 20%
|
Q:
|
What is the general income tax in Taiwan and how is it calculated?
|
A:
|
The general income tax amount is the tax payable calculated by the taxpayer declaration amount, after deducting the tax deductions for various investments in accordance with other laws and regulations. If you choose to calculate the dividend and surplus separately, the general income tax amount should be "dividends and surplus taxable separately taxable amount" is added, which is used as the basis for comparison with the basic tax amount.
|
Q:
|
According to laws and regulations such as the Regulations on Promoting Industrial Upgrading and the Regulations on Rewarding Private Participation in Transportation Construction, taxpayers in Taiwan can deduct the investment deduction amount or tax deduction amount of the comprehensive income tax. Can they deduct the difference between the basic tax amount and the general income tax amount?
|
A:
|
No. The purpose of setting the minimum tax burden system is to avoid the application of tax reduction and exemption regulations, which will cause low\ tax burden. If the difference between the basic tax amount and the general income tax amount can be deducted by other tax deduction measures such as investment deductions , Will violate the purpose of levying minimum tax burden.
|
Q:
|
How to declare and pay Taiwan's minimum tax burden? Will it increase the compliance cost of the taxpayer and the cost of the auditing agency?
|
|
A:
|
Individuals who are subject to the Basic Income Tax Regulations should also declare the basic income tax at the same time as the income tax settlement declaration. The basic tax return, investigation and verification procedures shall be handled in accordance with the provisions of the Income Tax Law.
The Ministry of Finance has designed and revised the relevant settlement declaration forms for profit taxpayers to follow to minimize the relevant administrative and compliance costs.
|
Q:
|
Is there any penalty for under-reporting or failing to declare the basic income in Taiwan, resulting in under-reporting the basic tax?
|
|
A:
|
|
1.
|
Individuals who have calculated and declared the basic income in accordance with the regulations, but under-reported or under-reported resulting in a short tax evasion will be fined less than 2 times the tax evasion.
|
|
2.
|
Individuals who fail to calculate and declare basic income in accordance with the regulations, and the taxable income is found after investigation by the collection agency, in addition to the supplementary taxation in accordance with the regulations, a penalty of less than 3 times the amount of the supplementary tax shall be imposed.
|
|
FAQ
