Taxes

Business Tax Rates

5% tax for manufacturing industries
2% tax for banks, insurance companies, trust companies, securities firms, futures companies, bills and finance companies, and pawn brokerages.
1% tax for small-scale businesses and businesses which the Ministry of Finance has deemed as exempt from reporting total revenues.

Individual Income Tax

Tax rates for consolidated individual income tax are as follows:

Net Taxable Income(NT dollars)	X Tax Rate	- Progressive Difference	= Tax Payable
0-370,000	X 6%	-0
370,001-990,000	X 13%	- 25,900
990,001-1,980,000	X 21%	- 105,100
1,980,001-3,720,000	X 30%	-283,300
3,720,001 >	X 40%	-655,300

The above progressive tax rates are applicable to residents in the ROC only.

Profit-Seeking Enterprises Income Tax

For profit-seeking enterprise income taxes, tax bracket and progressive taxes are as follows:

Companies with a total taxable income of below NT$50,000 are exempt from the profit-seeking enterprise income tax.
Companies with a total annual taxable income of below NT$100,000 are levied a tax of 15%. Total tax should not exceed the half the income amount over NT$ 50,000.
25% is levied for portion of income which exceeds NT$100,000.

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