OrbitaxCabinet approves corporate and individual income tax reduction for 2010
|Proposed Changes|Taiwan
On 5 March 2009, the Cabinet approved the reduction of corporate and individual income tax rates in 2010, as follows:
| - | corporate income tax rate will be reduced from 25% to 20%; and | |
| - | individual income tax rates for the three lowest income brackets will be reduced from 6% to 5%, 13% to 12% and 21% to 20% respectively. |