Winning ticket holders of Taiwan Lottery or the Unified Invoice Lottery, as the system currently stands, have to pay 20 percent income tax on winnings worth NT$2,000 and above. As the threshold has existed unchanged for over 40 years, Democratic Progressive Party Legislator Shih Yi-fang has proposed a bill raising the threshold to NT$5,000. In response, Minister of Finance Su Jain-rong has promised to conduct a review and issue a report within the next three months. The ministry is expected to issue a preliminary report shortly that will detail amendments to the Standards of Withholding Rates for Various Incomes regulation. It is anticipated that this will include raising the tax-free threshold for lottery winnings from NT$2,000 to NT$5,000, coming into effect as early as December.
During a question and answer session of the Legislative Yuan’s Finance Committee in early April, Shih said that although last year Taiwan Lottery scratchcards sold like hot cakes during the Lunar New Year break, due to the 20 percent tax levy, a member of the public who wins a NT$2,000 prize actually only receives NT$1,600. He gave the example of someone who spends NT$4,000 to purchase two NT$2,000 Taiwan Lottery tickets: one of the tickets wins a NT$5,000 prize, but after income tax is deducted at 20 percent — leaving NT$4,000 — and a further NT$20 of stamp duty is paid, the person is actually out of pocket by NT$20.
Shih believes that since the Standards of Withholding Rates for Various Incomes has remained unchanged since 1979, an adjustment is now due. According to data from the Directorate-General of Budget, Accounting and Statistics, in 1979 NT$2,000 was worth NT$4,968 in today’s money. Shih says the ministry should therefore move with the times and raise the tax-free threshold for lottery winnings from NT$2,000 to NT$5,000.
Photo: Tsai Shu-yuan, Liberty Times
照片:自由時報記蔡淑媛
Ministry officials say that the changes will not come into effect until December due to the requirement for a communication period, and because businesses may need to make adjustments to their systems
(Translated by Edward Jones, Taipei Times)
目前彩券或統一發票中獎獎金超過兩千元就要課徵所得稅百分之二十,由於課稅門檻已超過四十年未修正,民進黨立委施義芳提案,將課稅門檻提高至五千元,財政部長蘇建榮當時允諾三個月內提出檢討報告。據了解,財政部近期將預告修正「各類所得扣繳率標準」,將中獎獎金免稅門檻從兩千元提高到五千元,最快十二月上路。
Photo: Cheng Chi-fang, Liberty Times
照片:自由時報記者鄭琪芳
施義芳四月初於立法院財政委員會質詢表示,過年期間刮刮樂賣得非常好,但民眾中獎兩千元就要課稅百分之二十,等於實領一千六百元;若花四千元買兩張兩千元刮刮樂,一張中了五千元,扣掉百分之二十所得稅加上二十元印花稅,還要倒賠二十元。
施義芳認為,「各類所得扣繳率標準」自一九七九年沿用至今,已超過四十年,應有所調整;據主計總處試算系統,一九七九年的兩千元等於今年的四千九百六十八元,財政部應順應時局將中獎獎金免稅門檻從兩千元調高至五千元。
財政部官員表示,由於修正後仍要一段宣導期,且業者系統可能要調整,因此預計今年十二月才會上路。
(自由時報記者巫其倫)
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Are you sitting on a winning ticket?
中獎人是你嗎?
Don’t pass up a lucky encounter with the God of Wealth. Although the winning numbers for March and April’s Unified Invoice Lottery were released on May 25, there are still unclaimed invoices out there for the Jan-Feb period. The invoices in question, with the number 00106725, are for the NT$10 million (approx. US$318,000) special draw, and were among 20 winning invoices. For the Jan-Feb period there are currently a total of five unclaimed invoices, including one obtained after purchasing three Taiwan Railways boxed lunches.
The Ministry of Finance says that for the Jan-Feb period there was an unprecedented number of 20 winning invoices for the Unified Invoice Lottery. Five of the unclaimed invoices are for the NT$10 million jackpot, while three are worth NT$2 million. The deadline to claim winning invoices from January and February is July 5 and the ministry urges anyone with a winning invoice to quickly claim their prize.
(Translated by Edward Jones, Taipei Times)
別和財神爺擦身而過!三至四月期統一發票五月二十五日開獎,但一至二月期中獎統一發票獎金仍有人未領,一至二月期統一發票一千萬元特別獎,中獎號碼為「00106725」,中獎張數共計二十張,目前仍有五張還沒有兌領,其中包括一張僅買了三個台鐵便當,就中了千萬大獎。
財政部指出,今年一至二月期統一發票,中獎張數破紀錄達二十張,為史上最多。至今仍有五張千萬中獎發票、三張兩百萬中獎發票未領,一至二月統一發票領獎期限至七月五日,呼籲中獎者盡快兌領。
(自由時報記者巫其倫)
1. income tax phr.
所得稅(suo3 de2 shui4)
2. threshold n.
門檻(men2 kan3)
3. promise v.
允諾(yun3 nuo4)
4. sell like hot cakes phr.
賣得非常好
(mai4 de5 fei1 chang2 hao3)
5. deduct v.
扣掉(kou4 diao4)
6. stamp duty phr.
印花稅
(yin4 hua1 shui4)
7. move with the times phr.
順應時局
(shun4 ying4 shi2 ju2)
8. come into effect phr.
上路;生效
(shang4 lu4; sheng1 xiao4)
9. communication period phr.
宣導期(xuan1 dao3 qi2)
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Armed with buckets and bailers, hoes and sickles, 100 elderly residents of Hsinchu County’s Guansi Township Old Bridge Landscape Volunteer Association set off from Ox Pen Riverside Park to carry out a clean-up operation upstream and downstream of Dongan Old Bridge. The volunteers first set about removing weeds and cleaning up litter, and then began planting trees, flowers and plants. To date, the group has planted more than 3,000 specimens. The volunteers did not put their feet up during the Lunar New Year holiday period and took turns to patrol the area and water and tend to the plants and
A: Don’t forget, the class selection period begins tomorrow. B: Wow, thanks for reminding me. I had completely forgotten! A: Are you brain dead after the Lunar New Year? B: You bet. My head is full of nothing but good food and computer games. A: We have a whole week for the class selection, but the popular classes will fill up very quickly, so we should get a shift on. A: 加退選的時間從明天開始喔,不要忘記了! B: 哇,謝謝你提醒。我都忘得一乾二淨了! A: 過個年腦袋都空掉了,是吧? B: 對呀,我現在滿腦子只有美食和電玩。 A: 雖然加退選的時間有一個禮拜,可是熱門的課名額很快就滿了,我們手腳還是要快一點。 (Translated by Paul Cooper, Taipei Times/台北時報林俐凱) English 英文: Chinese 中文: