Salary Rate
Year
Month
Semimonthly
Week
Day
Hour
Withholding
Salary
NT$ 8,000,000
Individual Income Tax
- NT$ 2,370,400
Income Basic Tax (IBT)
- NT$ 265,321
Labour Insurance Program
- NT$ 9,482
National Health Insurance Program
- NT$ 30,729
Total tax
- NT$ 2,675,933
Net pay
* NT$ 5,324,067
Marginal tax rate
59.4%
Average tax rate
33.4%
66.6%
Net pay
33.4%
Total tax
Total tax
Net pay
Summary
If you make NT$ 8,000,000 a year living in Taiwan, you will be taxed NT$ 2,675,933. That means that your net pay will be NT$ 5,324,067 per year, or NT$ 443,672 per month. Your average tax rate is 33.5% and your marginal tax rate is 59.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of NT$ 100 in your salary will be taxed NT$ 59.36, hence, your net pay will only increase by NT$ 40.64.
Bonus Example
A NT$ 1,000 bonus will generate an extra NT$ 406 of net incomes. A NT$ 5,000 bonus will generate an extra NT$ 2,032 of net incomes.
NOTE* Withholding is calculated based on the tables of Taiwan, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.