- Country Guide
- Taiwan
Taiwan
Last Update by Julie, 06 Oct 2024
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Exchange Rate
10 Oct 2024
Cost of Living
Indicative value for a working adult in a city: Taipei
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (TWD) |
|---|---|
| McDonalds Set Meal | 165 |
| Monthly Train and Bus Tickets | 1,200 |
| 3 Bedrooms Rental (City Center) | 51,000 |
| 3 Bedrooms Rental (Outskirt) | 38,000 |
Current Inflation Rate
3.08%
Wage
Minimum Wages
- TWD26,400 per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (TWD) |
|---|---|
|
Entry-Level
Fresh Graduate
|
26,400 |
|
Mid-Level
5 Years
|
31,227 |
|
Experienced & Managerial Level
10 Years
|
54,200 |
|
Specialized & Senior-Level
15 Years
|
83,000 |
Annual Salary Growth
3%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Labour Insurance |
8.05% minimum TWD11,100, and capped at TWD45,800. |
2.3% minimum TWD11,100, capped at TWD45,800. |
All staff |
| National Health Insurance |
4.9% minimum TWD 25,250 and capped at TWD219,500. |
1.55% minimum TWD25,250 and capped at TWD219,500. |
All staff |
| Employment Insurance |
1% minimum TWD25,250. |
1% minimum TWD25,250. |
All staff |
| Pension Fund |
6% for citizens minimum TWD19,273 TWD and capped at TWD219,500. |
0% - 6% (voluntary) minimum TWD19,273 TWD and capped at TWD219,500. |
All staff |
| Second National Health Insurance Program (Bonus) |
2.11% capped at TWD10 million. |
2.11% capped at TWD10 million. |
All staff who received bonuses |
Other Benefit
Other common employment benefits in Taiwan include:
- 13th or 14th month of salary
- Festival Bonuses: Approximately USD 30 per gift for festivals like the Dragon Boat Festival and Mid-Autumn Festival.
Income Tax
Residents
-
Tax Period: 1st January - 31st December of the previous year.
Tax filing start date: 29th January for the following year.
Tax filing due date: 31st May for the following year.
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 560,000 | 5% |
| 560,001 – 1,260,000 | 12% |
| 1,260,001 – 2,520,000 | 20% |
| 2,520,001 – 4,720,000 | 30% |
| > 4,720,001 | 40% |
Non-residents
-
White-Collar Workers:
Those earning at least 1.5 times the minimum salary are subject to a flat tax rate of 18%.
Blue-Collar Workers:
Those earning less than 1.5 times the minimum salary are subject to a flat tax rate of 6%.
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
40 Hours, 9am - 6pm.
Monday - Friday
Overtime
- First 2 Hours of Overtime:
134% of regular hourly pay. - Following 2 Hours of Overtime:
167% of regular hourly pay. - Public Holidays:
200% of regular hourly pay.
Employment Contract
Permanent
Contract Format
Written in Chinese or English, bilingual contracts are also accepted.
Payroll Currency
TWD
Probation
Not mandatory, 3 months common practice
Contract Period
No minimum duration
Termination
-
Notice during probation for staff and employers:
- No notice required -
Voluntary resignation and Involuntary termination for staff and employers:
- Over 3 months but under 1 year service: 10 days
- Over 1 year but under 3 years' service: 20 days
- Over 3 years' service: 30 days -
Severance:
For staff with contracts established after 2005:
Half a month's average salary for each year of continuous service, capped at 6 months' average salary.
Public Holiday
11 days
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
- 3 working days (6 months - 1 year service) - 7 working days (1 - 2 years' service) - 10 working days (2 - 3 years' service) - 14 working days (3 - 5 years' service) - 15 working days (5 - 10 years' service) Maximum 30 working days (10+ years' service) |
All staff. |
| Sick Leave | Up to 2 years | All staff |
| Menstruation Leave | 1 day each month | All eligible female staff experiencing menstrual difficulties |
| Pregnancy Checkup Leave | 7 working days | All pregnant staff |
| Maternity Leave |
8 weeks 4 weeks before birth, 4 weeks after |
All expectant mothers |
| Paternity Leave | 7 working days | All expectant fathers |
| Parental Leave | Up to 2 years | All staff with over 6 months of service. |
| Bereavement Leave |
- 3 working days (death of sibling, grandparent-in-law) - 6 working days (death of child, grandparent, parent-in-law) - 8 working days (death of parent, spouse.) |
All staff |
| Civil Duty Leave | Depends on the duration of the duty. | All staff required for education or civil duty of national service. |
| Personal Leave | Up to 14 working days. | All staff |
| Marriage Leave | Up to 8 working days. | All staff |
| Leave to Look for Employment | Up to 2 working days per week. | For staff requesting leave to find a new job after receiving advance notice of termination. |
Reference
- https://www.numbeo.com/cost-of-living/in/Taipei
- https://www.ntbt.gov.tw/English
- https://english.mol.gov.tw/21139/21174/21180/21644/
- https://www.bli.gov.tw/en/0010789.html
- https://english.mol.gov.tw/21139/40790/57034/
- https://www.foreignersintaiwan.com/blog-370963385326684/income-tax-filing-for-expatriates-in-taiwan#:~:text=%E2%80%8BQ%3A%20What%20is%20the,to%20white%2Dcollar%20foreign%20workers.
- https://laws.mol.gov.tw/Eng/FLAWDAT0202.aspx?id=FL014935
- https://www.mol.gov.tw/1607/28162/28296/28340/28342/nodelist
- https://www.lexology.com/library/detail.aspx?g=8f26c3ed-aa92-4bab-a5ee-4f3b25cf46ea
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Contact UsCountry Guide - Taiwan
Last updated: 06 Oct 2024
Exchange Rate
Currency (TWD)
- 1 CNY = 0.185 TWD
- 1 USD = 1.32 TWD
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Taipei
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (TWD) |
|---|---|
| McDonalds Set Meal | 165 |
| Monthly Train and Bus Tickets | 1,200 |
| 3 Bedrooms Rental (City Center) | 51,000 |
| 3 Bedrooms Rental (Outskirt) | 38,000 |
Current Inflation Rate
3.08%
Wage
Minimum Wages
- TWD26,400 per month
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (TWD) |
|---|---|
|
Entry-Level
Fresh Graduate
|
26,400 |
|
Mid-Level
5 Years
|
31,227 |
|
Experienced & Managerial Level
10 Years
|
54,200 |
|
Specialized & Senior-Level
15 Years
|
83,000 |
Annual Salary Growth
3%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Labour Insurance |
8.05% minimum TWD11,100, and capped at TWD45,800. |
2.3% minimum TWD11,100, capped at TWD45,800. |
All staff |
| National Health Insurance |
4.9% minimum TWD 25,250 and capped at TWD219,500. |
1.55% minimum TWD25,250 and capped at TWD219,500. |
All staff |
| Employment Insurance |
1% minimum TWD25,250. |
1% minimum TWD25,250. |
All staff |
| Pension Fund |
6% for citizens minimum TWD19,273 TWD and capped at TWD219,500. |
0% - 6% (voluntary) minimum TWD19,273 TWD and capped at TWD219,500. |
All staff |
| Second National Health Insurance Program (Bonus) |
2.11% capped at TWD10 million. |
2.11% capped at TWD10 million. |
All staff who received bonuses |
Other Benefit
Other common employment benefits in Taiwan include:
- 13th or 14th month of salary
- Festival Bonuses: Approximately USD 30 per gift for festivals like the Dragon Boat Festival and Mid-Autumn Festival.
Income Tax
Residents
-
Tax Period: 1st January - 31st December of the previous year.
Tax filing start date: 29th January for the following year.
Tax filing due date: 31st May for the following year.
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 560,000 | 5% |
| 560,001 – 1,260,000 | 12% |
| 1,260,001 – 2,520,000 | 20% |
| 2,520,001 – 4,720,000 | 30% |
| > 4,720,001 | 40% |
Non-residents
-
White-Collar Workers:
Those earning at least 1.5 times the minimum salary are subject to a flat tax rate of 18%.
Blue-Collar Workers:
Those earning less than 1.5 times the minimum salary are subject to a flat tax rate of 6%.
Working Hours
Statutory
40 hours
8 hours a day, 5 days a week
Typical practice
40 Hours, 9am - 6pm.
Monday - Friday
Overtime
- First 2 Hours of Overtime:
134% of regular hourly pay. - Following 2 Hours of Overtime:
167% of regular hourly pay. - Public Holidays:
200% of regular hourly pay.
Employment Contract
Fixed-Term
Used for unpredictable non-continuous work, short-term projects, seasonal work, material sourcing, or market sales.
Probation
Not mandatory, 3 months for common practice.
Termination
-
Notice during probation for staff and employers:
- No notice is required -
Voluntary resignation and Involuntary termination for staff and employers:
- Over 3 months but under 1 year service: 10 days
- Over 1 year but under 3 years' service: 20 days
- Over 3 years' service: 30 days - No severance pay is due for employees on temporary or short-term contracts.
Permanent
Probation
Not mandatory, 3 months common practice
Termination
-
Notice during probation for staff and employers:
- No notice required -
Voluntary resignation and Involuntary termination for staff and employers:
- Over 3 months but under 1 year service: 10 days
- Over 1 year but under 3 years' service: 20 days
- Over 3 years' service: 30 days -
Severance:
For staff with contracts established after 2005:
Half a month's average salary for each year of continuous service, capped at 6 months' average salary.
Public Holiday
11 days
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave |
- 3 working days (6 months - 1 year service) - 7 working days (1 - 2 years' service) - 10 working days (2 - 3 years' service) - 14 working days (3 - 5 years' service) - 15 working days (5 - 10 years' service) Maximum 30 working days (10+ years' service) |
All staff. |
| Sick Leave | Up to 2 years | All staff |
| Menstruation Leave | 1 day each month | All eligible female staff experiencing menstrual difficulties |
| Pregnancy Checkup Leave | 7 working days | All pregnant staff |
| Maternity Leave |
8 weeks 4 weeks before birth, 4 weeks after |
All expectant mothers |
| Paternity Leave | 7 working days | All expectant fathers |
| Parental Leave | Up to 2 years | All staff with over 6 months of service. |
| Bereavement Leave |
- 3 working days (death of sibling, grandparent-in-law) - 6 working days (death of child, grandparent, parent-in-law) - 8 working days (death of parent, spouse.) |
All staff |
| Civil Duty Leave | Depends on the duration of the duty. | All staff required for education or civil duty of national service. |
| Personal Leave | Up to 14 working days. | All staff |
| Marriage Leave | Up to 8 working days. | All staff |
| Leave to Look for Employment | Up to 2 working days per week. | For staff requesting leave to find a new job after receiving advance notice of termination. |
Reference
- https://www.numbeo.com/cost-of-living/in/Taipei
- https://www.ntbt.gov.tw/English
- https://english.mol.gov.tw/21139/21174/21180/21644/
- https://www.bli.gov.tw/en/0010789.html
- https://english.mol.gov.tw/21139/40790/57034/
- https://www.foreignersintaiwan.com/blog-370963385326684/income-tax-filing-for-expatriates-in-taiwan#:~:text=%E2%80%8BQ%3A%20What%20is%20the,to%20white%2Dcollar%20foreign%20workers.
- https://laws.mol.gov.tw/Eng/FLAWDAT0202.aspx?id=FL014935
- https://www.mol.gov.tw/1607/28162/28296/28340/28342/nodelist
- https://www.lexology.com/library/detail.aspx?g=8f26c3ed-aa92-4bab-a5ee-4f3b25cf46ea
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000