To increase the benefits for labors and make the insurance sources more accessible by Ministry of Labor, the labors who apply for unemployment benefit, vocational training living allowances, and parent leave allowances can be applicable to the following new regulations from 18/01/2022 for improvement of labors’ living quality.
Broaden the regulations of unemployment benefits and vocational training living allowances for dependents
For the economic concern of unemployment labor’s family, the item 1 of article 19th in Employment Insurance Act is revised. “Parent without salary income” of insured person is qualified for the application of unemployment benefits and vocational training living allowances. The applicants shall submit a photocopy of household certificate, which is stated the information of raised parent, or the other photocopy of certificate of identification with the same legal effect. According to the new policy issued by Ministry of Labor Insurance, the number of raised family can be received the benefits or allowances in 10% of monthly insurance, 20% at most, within the previous 6 months upon the application of unemployment insurance.
For example, Mr. Chang’s average insured monthly salary is about NTD30,000. The amount of unemployment benefits is NTD18,000 (30,000 x 60%) before the implementation of new policy. However, The benefits for raising his parent without salary rises up to 20% (30,000 x 10% x 2, NTD 6,000) after the new policy is launched, so the total amount of unemployment benefit and dependents allowances will be NTD24,000 (which is the average insured monthly salary in 80%).
Application of parental leave allowances
For parents who need to take care of their children on their own to make use of the system of parental leave allowances much flexibly, the item 2 of article 19th in “Employment Insurance Act” was revised with “Act of Gender Equality in Employment”. The article of insured person being parent and application of allowances by the parent simultaneously was deleted for development of friendly nurture environment. After the launch of new policy, the parental leave allowances is allowed to be applied for by both of the parent simultaneously which term of employment insurance more than 1 year to accompany with the children as well as receive the support on the side of economic.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
Taiwanese individuals who invest in overseas financial products or real estate must file an Alternative Minimum Tax (AMT) return if their total annual foreign-source income exceeds TWD1,000,000 and their basic income surpasses the exemption threshold (TWD 7,500,000 for the 2024 tax year). It is important to note that different types of income, such as capital gains and interest, are categorized seperately and cannot be aggregated for tax calculation purposes.
According to “Tabacco and Alcohol Control Act” in Taiwan, the definition of tobacco is a product made entirely or partially from tobacco or its substitutes, designed for smoking, chewing, sucking, sniffing, or other forms of use. If one plans to import the types of tobacco into Taiwan, it is necessary to apply to the Taiwan Ministry of Finance for a tobacco import business license.
The current business tax thresholds for sales of goods and services in Taiwan are TWD 80,000 per month for goods and TWD 40,000 per month for services. These thresholds are anticipated to increase to TWD 100,000 and TWD 50,000, respectively, following revisions to the relevant regulations. The updated regulations are expected to be previewed at the end of October 2024, with implementation scheduled for January 1, 2025.
Labor regulations in Taiwan undergo revisions every year in response to social and economic developments, as well as changes in the labor market. In 2025, Taiwan’s labor regulations will undergo several significant changes aimed at further protecting workers’ rights, improving working conditions, and promoting corporate compliance.