Tax Incentives for Foreign Special Professionals
Minxiong Office, National Taxation Bureau of the Southern Area, Ministry of Finance stated that in order to strengthen the incentives for recruiting foreign special professionals, the amendment to the Act for the Recruitment and Employment of Foreign Professionals (hereinafter ''the Act'') was promulgated by the President on July 7, 2021, and was approved to take effect on October 25, 2021 by the Executive Yuan. The amendment for the applicable period of tax incentives has been extended from 3 years to 5 years as specified in Article 20 of the Act.
Minxiong Office explained that, starting from 2018, if foreign special professionals engage in professional work and meet specified conditions in accordance with Article 3 of the Regulations Governing Reduction and Exemption of Income Tax of Foreign Special Professionals, then within 5 years counting from the taxable year in which for the first time meets the conditions of residing in the R.O.C. for 183 days or more, and having a salary income of more than NT$3 million, their salary income of NT$3 million and half of the amount in excess of NT$3 million in each such taxable year will be calculated in their consolidated gross income when assessing the individual income tax liability. The amount of their overseas income can also be excluded from the basic income in accordance with Subparagraph 1, Paragraph 1, Article 12 of the Income Basic Tax Act.
Minxiong Office would like to kindly remind foreign special professionals who have been qualified for the tax incentives of the Act before July 7, 2021 may apply for the tax reductions for a period of 5 years.
For additional information, please feel free to contact us through our toll-free number 0800-000-321 (Monday through Friday, 8 a.m. to 5 p.m.). We are at your service.
Press Release Contact: Mrs. Shiau.
Head of Service Section
TEL:05-2062141 ext.400
Reference URL：https://www.mof.gov.tw/Eng/singlehtml/f48d641f159a4866b1d31c0916fbcc71?cntId=eb953a5e43e84b5192b0ad830c5f6acc