EXEMPTIONS STANDARD DEDUCTIONS AND SPECIAL DEDUCTIONS FOR 1999 CONSOLIDATED INCOME TAX

01/01/1999

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The Ministry of Finance announced the 1999 consolidated income tax exemptions, standard deductions, special deductions of income from salary/wages, special deductions for the disabled, and tax brackets and rates as follows:

Exemptions: NT$72,000 per person.

Standard deduction: NT$43,000 for a single taxpayer; NT$65,000 for a married taxpayer.

Special deduction of income from salary/wages: maximum NT$60,000 per person.

Special deduction for disabled: NT$72,000 per person.

Tax brackets, tax rates:

Taxable Consolidated Income (NT$)	Applicable Tax Rate
370,000 or less	6%
370,001 to 990,000	13%
990,001 to 1,980,000	21%
1,980,0001 to 3,720,000	30%
over 3,720,000	40%