FAQTaiwan Individual Income Tax Q&A 18
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Q: |
What are the requirements for filing itemized deduction for interest on self-occupied house mortgage in Taiwan individual income tax? |
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| A: |
The interest payable on a loan from a financial institution by a taxpayer, his (her) spouse and dependent(s) for the purpose of a house for his (her) own use may be deducted from his (her) consolidated income, with the deductible amount not to exceed NT$ 300,000 per year per tax return. However, if a special deduction for savings and investment has been made in the same tax return, the amount of such special deduction shall be subtracted from the aforesaid interest of the house mortgage; the deduction for interest on the house mortgage in accordance with the above mentioned provisions is limited to one house only. |
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Q: |
What kind of proof should be attached for filing itemized deduction for medical and childbirth expenses in Taiwan individual income tax? |
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A: |
The medical and childbirth expenses are accepted only if the taxpayer, his (her) spouse and dependent(s) pay to public hospital, hospital or clinic approved by the National Health Insurance Administration or hospital with complete accounting record recognized by the Ministry of Finance. However, the part already paid by health insurance should not be counted. |
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Q: |
What kind of proof should be attached if the receipts of the medical and childbirth expenses have been submitted for subsidy application? |
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A: |
If the medical and childbirth expenses have been submitted for subsidy application and cannot show as a proof for itemized deduction filing. The taxpayer can attach the photocopy of the receipt collected by the authority for subsidy application. If the receipt was lost, the taxpayer can attach the photocopy of the original stub with stamp from the issued hospital marking “copy conform to the original”. |
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Q: |
What are the requirements for filing itemized deduction for losses from disaster in Taiwan individual income tax? |
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A: |
The portion of loss incurred by the taxpayer, his (her) spouse or dependent(s) from a disaster caused by force majeure. However, no deduction shall be made for the portion of loss for which insurance benefit or relief has been received. Also, the taxpayer must attach the proof of disaster loss issued by the revenue service office (National Taxation Bureau branch, office or service center) after the disaster occurred or any other related proof showing the fact that losses form disaster is true. “Force Majeure” mentioned above refers to disaster caused by earthquake, typhoon, fire, flood, drought, plague of insects and war, etc. The taxpayer should file the deduction within 30days after the disaster occurs, together with checklist of losses and relevant proof to the revenue service office of their household or request for onsite inspection from the office. The National Taxation Bureau would issue a disaster loss proof to the applicant after approval which should be attached when filing for the itemized deduction. Other kinds of disaster are not counted for filing itemized deduction. |
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| Q: |
What are the requirements for filing itemized deduction for rent for house from in Taiwan individual income tax? |
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| A: |
Rent for housing in the R.O.C. paid by taxpayers, their spouses, and lineal dependent(s) and used as their own residence rather than for business or performing professional services, may be deducted from their consolidated income to the extent of NT$ 120,000 per year per tax return. However, no deduction shall be made for taxpayers who have filed "Interest on a House Mortgage" on the same tax return. The taxpayer should attach:
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