Reported 12 months ago
According to the preliminary statistics released by the Ministry of Finance, out of the 16,650 households in Taiwan with annual incomes exceeding tens of millions, there are four households whose net incomes are zero, meaning they do not have to pay any income tax. The article explores how high-income families may not necessarily be heavily taxed due to available deductions. By utilizing various deduction options, some families with incomes over 200 million NTD have managed to legally avoid paying taxes, showcasing their adept tax planning skills. The article also delves into tax-saving methods employed by wealthy individuals such as donations and medical expense deductions, shedding light on the evolving landscape of income taxation in Taiwan.
Source: YAHOO