The Taiwanese Ministry of Finance Aug. 17 explained the withholding tax obligation for overtime payments to employees. The announcement explains: 1) the requirement for overtime income to be paid on a monthly basis and have taxes withheld by employers each month; 2) the application of a penalty for failure to withhold taxes monthly; and 3) upon application by a withholding agent, interest on the penalty for failure to withhold may be waived. [Taiwan, Ministry of Finance, 08/17/21]
Reference:
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