National Taxation Bureau of Taipei, Ministry of Finance (NTBT) indicates that for any foreign taxpayer having income from sources in the Republic of China (R.O.C.), individual income tax shall be levied on the income derived from such sources in accordance with the Income Tax Act of the R.O.C. In addition, a foreign taxpayer who stays in the R.O.C. for more than 90 days during a taxable year, and has the remuneration from the employer(s) outside of the R.O.C. for services rendered within the R.O.C. shall file and pay the tax thereon.
For the sake of convenience, NTBT specifically itemized the NTD conversion exchange rates for a foreign taxpayer to calculate his/her service income derived from the employer(s) outside of the R.O.C. when he/she files the 2018 individual income tax return as follows:
U.S. Dollar 30.1162 Japanese Yen 0.2715 Australian Dollar 22.3450 Canadian Dollar 23.0966 Euro 35.3758 Hong Kong Dollar 3.8181 Korean Won 0.0274 Malaysian ringgit 7.4718 Philippine Peso 0.5716 Pound 39.9550 Singapore dollar 22.2608 South African Rand 2.2425 Swedish Krone 3.4522 Swiss franc 30.8587 Thai Baht 0.9190 Indonesian Rupiah 0.0020 Indian rupee 0.4406 Israeli New Sheqel 8.3508 New Zealand Dollar 20.7333
The above exchange rates had been posted on NTBT’s website (https://www.ntbt.gov.tw (link is external)): Home/Alien Individual Income Tax/ Exchange Rate. Foreigner may make good use of them.
