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Income tax reforms continue delivering equitable benefits to public


At the Cabinet's weekly meeting Thursday, Premier Chen Chien-jen received a Ministry of Finance (MOF) briefing on income tax measures that benefit the public. The premier instructed the MOF to continue optimizing the income tax system and advancing measures to serve public convenience, so that people can recognize that the government is diligently and compassionately working for all citizens.

The premier pointed out that the government has implemented many income tax measures in recent years that have made a positive impact on people's lives, including substantially raising standard deductions for income tax; greatly increasing special deductions for salaries and wages, individuals with disabilities, and preschool children; introducing special deductions for individuals in long-term care; newly adding and increasing tax-deductible allowances for basic living expenses; and adjusting tax exemptions, deductions and tax brackets in line with increases to the consumer price index, thereby lightening people's burdens and promoting income redistribution.

Premier Chen said that in terms of tax collection, the MOF has in recent years also actively promoted a variety of measures aimed at improving the convenience of its public-facing services, including refining the online enquiry system for income and tax deductions, providing a pre-calculation service for individual income tax returns and introducing a diverse range of new payment channels.

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