Taiwan's Ministry of Finance recently announced the basic living expense for 2023, which has been set at TWD 202,000 (up from TWD 196,000 for 2022). The basic living expense, less other deductions, is deductible for individual income tax filing in May 2024.
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Announcement of the basic living expense per person for 2023
The Ministry of Finance announced the basic living expense per person for 2023 is NT$202,000 (an increase of NT$6,000 from 2022) which applies to the individual income t…