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Taiwan new policies will be implemented on January 1 including salary increase

The country of Taiwan has new measures to be implemented this coming January 1, 2020. One of these is the increasing of monthly and an hourly minimum wage of workers. Increasing the age of eligible workers for receiving full pensions in labor insurance and introducing electronic work permits for international students.

Based on the Labor Standards Act the current minimum monthly wage of workers is up to NT$ 23,100 and the hourly rate is only NT$150 but by January 2020 this will increase to NT $ 23, 800 for minimum monthly wage and NT$158 per hourly wages for workers.

With the increase of the minimum monthly wage, it is expected to benefit 1.83 million workers while increasing the minimum hourly wage will benefit 483,300 workers.

Based on the basic wage adjustments, the initial insured income under the labor insurance program will increase to NT$23,800.

From the 60 years old age-eligible for receiving full labor insurance pensions, it will increase to 62.

In addition, the Ministry of Labor will receive online applications from employers to continue allowing time for sending foreign workers to work in the manufacturing businesses, fishery, caregiving, construction, and domestic helper sectors.

From employers, online applications for recurring recruitment, entry permits, transfers and extended transfers of foreign workers in the construction sector will also be accepted.

Whereas international students studying in Taiwan need to apply for electronic work permits.

The Ministry of Finance has raised the basic allowance under which taxpayers can deduct from their income tax payments when they file income taxes of NT$ 4,000 to NT$ 175,000.

Another new policy requires cross-border e-commerce suppliers for the issuance of cloud-based invoices. In line with this regulation, all commercial aircraft over 26 years of age must be retired from service. Also introducing structures and environments due to a modified intensity scale for more accurately reflecting the impact of earthquakes on people.

And lastly, starting January 1 all ivory products are banned.


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