Taiwan

Last Update by Katie, 28 May 2024

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Exchange Rate

13 Jun 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

  • 26,400 TWD / 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% 2.3% All staff minimum 11,100 TWD & capped at 45,800 TWD
National Health Insurance 4.9% 1.55% All staff minimum 25,250 TWD & capped at 219,500 TWD
Employment Insurance 1% 1% All staff minimum 25,250 TWD
Pension Fund 6% for citizens 0% - 6% (voluntary) All staff minimum 19,273 TWD & capped at 219,500 TWD
Second National Health Insurance Program (Bonus) 2.11% 2.11% All staff who received bonuses, capped at 10 million TWD

Other Benefit

Other common employment benefits in Taiwan include:

  • 13th or 14th month of salary
  • Festival Bonuses (Dragon Boat Festival, Mid-Autumn Festival): 30 USD / gift

Income Tax

Residents

  • Tax Period: 1 Jan 31 Dec.
    Tax filing start date: 29 Jan.
    Tax fling due date: 31 May.

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 worker who earn at least 1.5 minimum salary: flat rate of 18%
    Blue-collar worker who earn less than 1.5 minimum salary: flat rate of 6%

Working Hours

Statutory

40 hours
8 hours a day, 5 days a week

Typical practice

40 Hours
Monday - Friday

Overtime

  • 1st 2 hours of overtime:134% of regular hourly pay
  • Following 2 hours of overtime: 167% of regular hourly pay
  • Public Holiday: 200% of regular hourly pay

Employment Contract

Permanent

Probation

Not mandatory, 3 months common practice

Termination

  • - More than 3 months but less than 1 year of service – 10 days’ notice.
    - More than 1 year but less than 3 years of service – 20 days’ notice.
    - More than 3 years of service – 30 days’ notice.
  • Severance Pay:
    Before the 2005 Labor Standards Act, employees who started working receive a severance package equivalent to a month's pay for each month of continuous service.
    Following the 2005 Labor Standards Act, employees are entitled to half a month's wages for every year of continuous employment.

Public Holiday

11 days

Country Level

Date Name
01 Jan Republic Day
08 Feb - 14 Feb Chinese New Year's Day
28 Feb Peace Memorial Day
04 Apr - 05 Apr Ching Ming Festival
05 Apr Children's Day
01 May Labor Day
10 Jun Dragon Boat Festival Holiday
17 Sep Mid-Autumn Festival
10 Oct National Day

Leave

Leave Type Entitlement Notes
Annual Leave 3 working days
7 working days
10 working days
14 working days
15 working days
Maximum 30 working days
All staff with 6 months- 1 year service
All staff with 1 - 2 years' service
All staff with 2 - 3 years' service
All staff with 3 - 5 years' service
All staff with 5- 10 years' service
All staff with 10+ years' service
Sick Leave Up to 30 days
unpaid up to 2 years
All staff can receive 50% of basic salary.
Maternity Leave 8 weeks
4 weeks before birth, 4 weeks after
All expectant mothers
Pregnancy Checkup Leave 7 working days
First 5 days – 100% pay by the employer
Last 2 days – by the Bureau of Labor Insurance
All expectant mothers
Paternity Leave 7 working days
First 5 days – 100% pay by the employer.
Last 2 days – by the Bureau of Labor Insurance.
All expectant fathers
Bereavement Leave 3 working days – death of sibling, grandparent-in-law
6 working days– death of child, grandparent, or parent-in-law.
8 working days– death of parent, spouse.
All staff
Civil Duty Leave Depends on days of the training. All staff
Menstruation Leave 1 day each month All eligible female staff experiencing menstrual difficulties can request 1 day per month leave, paid at half the regular wage.
Personal Leave Up to 14 working days
Unpaid
All eligible employees
Marriage Leave Up to 8 working days All staff
Leave to Look for Employment Up to 2 working days Staff can request leave to find a new job after receiving advance notice of termination, which can be up to 2 workdays per week.

Reference

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