Taiwan's Ministry of Finance has issued a notice announcing the basic living expense for 2021, which has been set at TWD 192,000 (up from TWD 182,000 for 2020). The basic living expense, less other deductions, is deductible for the individual income tax filing in May 2022.
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For 2021, there is a NT$192,000 basic living expense for taxpayer
National Taxation Bureau of the Northern Area, Ministry of Finance indicated, for maintaining one's basic living, there is a NT$192,000 basic living …