- Taiwan’s Ministry of Finance allows taxpayers unable to pay their full tax amount during the filing period to apply for an interest-free extension or installment plan, specifically targeting those affected by U.S. reciprocal tariffs.
- Taxpayers can apply for relief until June 30, 2025, by submitting supporting documents like proof of reduced income or employment changes, and applications can be made in various ways including in person, by mail, or online.
- Approved applicants may receive a maximum extension of one year or opt for installment payments spread over up to 36 months, with the specifics depending on the tax amount owed, all without interest charges.
Source Orbitax
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