![]() ![]() Special deductions for savings and investment: Deductions for each household shall not exceed NT$270,000 per year.Losses from property transactions: Deductions shall not exceed the gains from property transaction filed for the same year.There is no deduction for individuals who have filed “Mortgage interest paid on a loan for an owner-occupied residence.” The maximum deduction for rental expense is NT$120,000 for each annual tax return. Rental expense: Rental paid for houses in the R.O.C., purely for the taxpayer, his/her spouse, and lineal dependents residence, rather than those used by business for profit, are deductible.However, in the case that the taxpayer also claims his/her interests as a special deduction for savings and investment, such special deduction shall be subtracted from the above-mentioned interests. Interest paid on a loan for an owner-occupied residence: Under the conditions that the residential house entitled for the deduction is to be located within the territory of the R.O.C., and that the deduction shall not exceed NT$300,000 for only one house each year.Losses from disaster: Deductions can be claimed following the stipulated law or regulations.Medical and maternity expenses: Deductions can be claimed following the related law or regulations.However, the deductions, excluding those for national health insurance, shall not exceed NT$24,000 for each person per year premiums paid for national health insurance are fully deductible. Personal insurance premiums: Premiums paid for life insurance, labor insurance, employment insurance, national pension and insurance for military personnel, public functionaries and teachers, by the taxpayer, his/her spouse, and their lineal dependents are deductible.However, donations made to national defense, military, or to the government are fully deductible. Donation: This deduction shall not exceed 20% of the taxpayer’s consolidated gross income.(2) Itemized deductions (original receipts or documents should be attached according to the tax law). ![]() There is an NT$124,000 deduction for a single person in the filing of income tax returns and an NT$248,000 deduction for a married couple filing a joint return. can claim either the standard deduction or itemized deductions and special deductions. If the taxpayer, his/her spouse, and their lineal ascendants have attained 70 years of age, the exemption is NT$138,000 in the filing of income tax return of 2022.Ģ. Exemptions: There is an NT$92,000 exemption for each person (including taxpayer, his/her spouse, and dependents) in the filing of income tax return of 2022. The exemptions, deductions, and basic living expense difference for the fiscal year of 2022 are stated as follows:ġ. shall be computed by a progressive rate on his/her net consolidated income which shall be the annual gross consolidated income minus the exemptions, deductions, and basic living expense difference. The individual income tax for a resident of the R.O.C. claim when calculating his/her income tax? Question: What applicable deductions can a resident of the R.O.C. ![]()
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