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Taiwan
Overview
Last reviewed - 19 August 2024Taiwan is located off the southeastern coast of mainland China in the Western Pacific Ocean. Taiwan's capital city is Taipei. The official language is Mandarin Chinese, and the currency is the new Taiwan dollar (TWD).
PwC Taiwan has more than 2,800 highly qualified and experienced professionals, which, together with the resources of our strong global network, allow us to provide support to our clients' needs.
Quick rates and dates
| Corporate income tax (CIT) rates | |
|---|---|
| Headline CIT rate (%) |
20 |
| Corporate income tax (CIT) due dates | |
|---|---|
| CIT return due date |
No later than the fifth month after the end of the tax year. |
| CIT final payment due date |
No later than the fifth month after the end of the tax year. |
| CIT estimated payment due dates |
CIT estimated payment should be made in the ninth month of the enterprise’s fiscal year. |
| Personal income tax (PIT) rates | |
|---|---|
| Headline PIT rate (%) |
Residents: 40; Non-residents: 18/20/21 depending on the nature of income |
| Personal income tax (PIT) due dates | |
|---|---|
| PIT return due date |
31 May |
| PIT final payment due date |
31 May |
| PIT estimated payment due dates |
NP |
| Value-added tax (VAT) rates | |
|---|---|
| Standard VAT rate (%) |
5% to general industries |
| Withholding tax (WHT) rates | |
|---|---|
| WHT rates (%) (Dividends/Interest/Royalties) |
Resident: NA / 10 / 10; Non-resident: 21 / 15 or 20 / 20 |
| Capital gains tax (CGT) rates | |
|---|---|
| Headline corporate capital gains tax rate (%) |
Capital gains are subject to the normal CIT rate, except for marketable securities and real properties. |
| Headline individual capital gains tax rate (%) |
Capital gains are subject to the normal PIT rate, except for securities and real properties. |
| Net wealth/worth tax rates | |
|---|---|
| Headline net wealth/worth tax rate (%) |
NA |
| Inheritance and gift tax rates | |
|---|---|
| Headline inheritance tax rate (%) |
20 |
| Headline gift tax rate (%) |
20 |
