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  Tax payment for dummies 2022
2022-1-14
How much is the surcharge for the first tax payment in January and the late tax payment penalty? .

Check out this personal tax return and tax payment timetable:

April to May -Tax returns issued by the Inland Revenue Department
June to July - Taxpayers submit tax returns
October - Receive a tax notice from the tax bureau
January - First tax payment
April - Second tax payment

January 2022 is the deadline for the first tax payment. If wage earners fail to pay the tax before the deadline, the Inland Revenue Department will impose additional surcharges. According to the Inland Revenue Ordinance, a surcharge of not more than 5% can be levied on the tax that is not paid on the tax payment deadline; A surcharge of not more than 10% will be levied on unpaid taxes and 5% surcharge levied more than 6 months after the tax payment due date.

To avoid being charged a surcharge, please note your tax payment date.

If you have any questions or inquiries about tax, please contact us.
 
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