Taiwan's Ministry of Health has proposed the introduction of a new health insurance (NHI) tax which would be based upon an individual's total overall income.
Under the proposal - entitled the "1.5 Generation NHI Act" - individuals would be required to pay NHI tax on their total personal income. This would take account of additional incomes gained throughout the year (such as bonuses, interest, stocks and dividends) as opposed to just an individual's monthly income, which is used as the current taxable basis.
If approved, the act would require those receiving over NT180,000 via non-monthly incomes to make an additional health insurance contribution at a rate of 1.8%.
Currently, Taiwanese citizens are required to contribute 4.5% of their monthly income towards their NHI.
The government has initially faced some criticism over the new proposal, with some believing that many high-earning individuals will simply use loopholes in the scheme to avoid paying their share.
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