Press Releases Statements

2013 Average Exchange Rates Against New Taiwan Dollars for Foreign Taxpayers Filling Income Tax Returns

National Taxation Bureau of Taipei (NTBT), Ministry of Finance indicated that foreigners who derive income from Taiwanese sources shall pay income tax according to the relevant tax laws. In addition, foreigners stay within the territory of the ROC for more than 90 days during a taxable year, the remuneration from the employers outside the ROC for the services rendered within the territory of the ROC shall be filed as one of the consolidated income and taxed as such.

For the convenience of the calculation of the aforesaid income, NTBT provides the average exchange rates, indicating one unit of a foreign currency to New Taiwan Dollar as follows:

U.S. Dollar
29.6854
Japanese Yen
0.3021
Australian Dollar
28.3600
Canadian Dollar
28.6066
Euro
39.3725
Hong Kong Dollar
3.8035
Korean Won
0.0271
Malaysian Ringgit
9.3865
Philippines Peso
0.6985
British Pound
46.3666
Singapore Dollar
23.6400
South African Rand
3.0041
Swedish Krona
4.5634
Swiss Franc
32.1467
Thai Baht
0.9494
Indonesia Rupiah
0.0028
Indian Rupee
0.5069
Israeli Pound
8.2627
New Zealand Dollar
24.1650

The above information of exchange rates has been published on the website of NTBT at http://www.ntbt.gov.tw
(Home page/Calculation Table for Individual Employment /Exchange Rate)

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