What is the legal bases of enacting tax benefits for foreign special professionals? And what are the benefits?

The legal bases for tax incentives for specific foreign professionals are as follows: Articles 3 of the Regulations Governing Reduction and Exemption of Income Tax of Foreign Specialist Professionals and Article 20 of the Act for the Recruitment and Employment of Foreign Professionals.

For Gold Card holders who meet the conditions for tax benefits, for five years counting from the tax year in which they first meet the conditions, half of the part of their salary income above three million NT dollars in each such tax year in which they reside in the State for 183 full days will be excluded from the assessment of individual income tax. Additionally, if in any of those taxable years they receive overseas income classified under Article 12, Paragraph 1, Subparagraph 1 of the Basic Income Tax Act, that income will also be exempt from being included in the calculation of their basic income for determining the basic tax amount.

Please note: Foreign professionals must still meet specific conditions after obtaining their Gold Card to enjoy tax benefits. Please refer to the relevant regulations for qualification details: Articles 3 of the Regulations Governing Reduction and Exemption of Income Tax of Foreign Specialist Professionals and Article 20 of the Act for the Recruitment and Employment of Foreign Professionals.