Taiwan's Ministry of Finance has issued a notice announcing the basic living expense for 2020 individual income tax filing in May 2021.
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Announcement of the basic living expense per person for 2020
The Ministry of Finance has expressed that the basic living expense per person for the year 2020 is NT$182,000, which applies to deductions on individual income tax to be filed in May of this year (2021).
The total amount of basic living expenses for a household is calculated in accordance …