As the clock ticks down on today's deadline for filing tax returns almost 40 percent of Taiwan taxpayers had yet to face up to the taxman.
Forty percent, or 1,954,066 of Taiwan's 5 million single and joint filing taxpayers still had not filed their returns by late Wednesday, setting up for the usual frantic last-minute flood of people to besiege taxation offices around the nation.
If by chance you haven't managed to file by the end of today there will be a penalty imposed. However, unlike in the US where penalties can be steep, the Taiwan tax administration will only impose a maximum penalty of 15 percent charge on the total taxable income due.
The penalty accrues by 1 percent every two days the return is filed late up to the maximum 15 percent. For example, if you file next Monday you will be charged an extra 1 percent of your total taxable income due.
Despite the ministry's target that 900,000 taxpayers would make use of the new online filing system, only 285,204 people had availed themselves of this service by Wednesday.
Addressing some confusion among foreign residents working in Taiwan about where to file, the tax authority pointed out in a statement that alien workers living outside Taipei or Kaohsiung should file their returns at their local district's tax administration office.
Of the nation's 4.8 million single and joint filing taxpayers, 800,000 of them reside in Taipei City.
Tax office hours will be extended to 7pm today and the online tax-filing program will be available until midnight.
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