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Basic Economic Summary


The technology sector is one of the fastest growing markets in Taiwan, and the demand for talent is high especially in the software sector. E-commerce is gaining momentum and thus digital marketing and e-commerce specalists remained a key hiring priority. Key skills in demand include internet-of-things(IoT), Artificial Intelligence, automation and software development. The table below shows the average salaries for IT roles in 2020. More information about salaries in Taiwan can be found on Kelly Services’ salary guide.

Basic Information

  • Local Languages: Mandarin Chinese (Official), Taiwanese Hokkien
  • Major Economic Hubs: Taipei, Taichung, Kaoshiung
  • Currency: New Taiwan dollar (NTD)
  • Population: 23.82 million (2020)
  • Date Format: yyyy/mm/dd

Useful Information

  • GDP Per Capita (in USD): $26,910
  • Exchange Rate (NTD/USD): 0.036
  • PISA Ranking: 8

Local Universities

Renowned Local Universities:

University Number of Graduates (Undergrad) Description Rankings
National Taiwan University 3,524 (2019) Founded in 1928, National Taiwan University (NTU) is the most prominent and comprehensive research university in Taiwan World University Ranking: 97, Asia University Ranking: 21, World Reputation Ranking: 40, Engineering and Technology Ranking: 61, Business and Economics Ranking: 84, Computer Science Ranking: 62
National Chiao Tung University 1,264 (2019) As one of the world’s leading technological universities, NCTU emphasises practical and skills-based methods of teaching. Today, the research-intensive university is organised across 11 colleges and one school, with 21 departments offering a range of undergraduate and graduate degrees, including courses in science, engineering, computing, law and the social sciences. World University Ranking: 501-600, Asia University Ranking: 89, World Reputation Ranking: 151-175
National Taiwan Normal University 1,788 (2019) Characterized by both tradition and innovation, National Taiwan Normal University (NTNU) has long been recognized as one of Taiwan’s elite institutions of higher education World University Ranking: 601-800, Asia University Ranking: 119, Engineering and Technology Ranking: 401-500, Computer Science Ranking: 301-400
National Cheng Kung University 2,549 (2019) National Cheng Kung University (NCKU) is a university with a pragmatic academic climate, solid research strengths, an international learning environment, interdisciplinary innovation, effective academia-industry cooperation and a pragmatic approach to issues. World University Ranking: 501-600, Asia University Ranking: 103, World Reputation Ranking: 151-175, Engineering and Technology Ranking: 251-300, Business and Economics Ranking: 401-500, Computer Science Ranking: 301-400
National Tsing Hua University 2,006 (2019) NTHU today offers a wide range of programmes in science, technology, engineering, humanities, social sciences and management. It comprises seven colleges, 17 departments and 22 independent graduate institutes. World University Ranking: 351- 400, Asia University Ranking: 46, World Reputaion Ranking: 151-175, Engineering and Technology Ranking: 90, Business and Economics Ranking: 301-400, Computer Science Ranking: 151-175

Salary Data

Average Monthly Salary of Jobs:

Job TitleAverage Salary Range (NTD)Average Salary Range (USD)
Project Manager54,166.67 – 91,666.671950 – 6600
Product Manager58,333.33 – 216,666.672100 – 7800
Data Scientist54,166.67 – 208,333.331950 – 7500
Software Analyst66,666.67 – 291,666.672400 – 10,500
Algorithm Engineer54,166.67 – 166,666.671950 – 6000
Machine Learning Engineer66,666.67 – 291,666.672400 – 10,500
Front-end Developer50,000 – 208,333.331800 – 7500
Backend Developer58,333.33 – 266,666.672100 – 9600
Fullstack Developer66,666.67 – 291,666.672400 – 10,500
Quality Assurance58,333.33 – 208,333.332100 -7500
IOS/Android Engineer50,000 – 208,333.331800 – 7500
IT Security50,000 – 208,333.331800 – 7500
Network/System Engineer41,666.67 – 83,333.331500 – 3000
Infrastructure Engineer41,666.67 – 75,0001500 – 2700
Web Designer41,666.67 – 75,0001500 – 2700
UI/UX Designer50,000 – 108,333.331800 – 3900
Sales Representative50,000 – 233,333.331800 – 8400

Specific information about salaries in Taipei can be found in Robert Walters’ 2020 salary survey for Greater China and South East Asia.

For tech professionals staying in a role, 31% expect a 1-6% annual salary increment, 62% expect a 7-15% annual salary increment while 6% expect a 15%+ annual salary increment.

Talent Sourcing Tips

English Proficiency: Moderate Proficiency

Number of LinkedIn Users (2019): 2,248,000

Top Local Job Portals: 104.com.tw, 1111.com.tw, 518.com.tw

More information about job portals in Taiwan can be found here.

Top Recruitment Agencies: TalentPlus Consultants, Spring Professional, PeopleSearch

More information about recruitment agencies in Taiwan can be found here.


Employer Payroll Tax

Type of TaxContribution (%)
Health Insurance2.81%
Labour Insurance Premium8.05%

Employer must withhold tax payable at time of payment. Link to Employer Payroll Tax.

Employee Payroll Tax

Type of TaxContribution (%)
Pension0 – 6% (Voluntary)
National Health Insurance1.41%
Labour Insurance Premium2.3%

Link to Employee Payroll Tax.

Employee Monthly Income Tax

Income Group (NTD)Contribution
≤ 45,0005%
45,001 – 100,833.3312%
100,833.33 – 201,666.6720%
201,666.67 – 377,50030%
> 377,50040%

Taiwan follows a progressive income tax model. Link to Employee Income Tax.

Minimum Wage & Payroll

Minimum Wage

Taiwan has a minimum wage of NTD23,800 per month or NTD158 per week.

Payroll Cycle

Monthly, typically paid on the 15th of every month.


13th month salary

Not mandatory but is customary for companies to give.

Working Hours & Statutory Leave

Maximum working hours

Working hours cannot exceed 12 hours in one day.

Standard working hours are 8 hours a day and 40 hours a week.

It is mandatory to have 2 days off every 7 days. Only 1 day (flex-day) can be negotiated for overtime, while the other is a compulsory.

Maximum overtime hours

The maximum overtime hours is 46 hours per month.

Overtime pay

Overtime Pay Rate
PeriodHourly Salary (%)
1 – 3 hours134%
3 – 5 hours167%
1 – 2 hours134%
2 – 8 hours167%
8 – 12 hours267%

Public Holidays

16 public holidays can be found here.

Annual Leave

Years of EmploymentNumber of Annual Leave
1015 + number of years after 10, capped at 30

Unused vacation days are carried over to the following year, and if they are not used within 2 years, they will be converted into salary (based on 1st-year wage). Unused vacation days will be paid upon termination of employment contract.

Sick Leave

Employees are entitled to sick leave of 30 days per year, at half-pay. In addition, if an employee is hospitalized, they are entitled to unpaid sick leave of up to 1 year. However, the total sick leave cannot exceed 1 year in 2 consecutive years.

When employee’s sickness is covered by the labor insurance, but is less than half-pay, the employer pays the difference (to make up half-pay). If the employee is injured or disabled due to an accident at work, the employer pays them full salary; and if after 2 years, the employee does not recover from the occupational injury or disability, the employer must pay them a lump sum of 40 months’ average wage.

Parental Leave

Maternity Leave
Years of employmentPaid leave
< 6months8 weeks leave paid at 50% rate
≥ 6months8 weeks leave paid at 100% rate

Paternity Leave

New fathers are entitled to 5 days of fully paid paternity leave.

Parental Leave

Employees can take unpaid parental leave if:

  • Worked for the same employer for at least 6 months
  • Employee’s child is < 3 years old.
  • Their spouse is employed

Other Leave

Bereavement Leave
RelativeNo. of Days
Spouse or Parent8
Grandparent, Parent-in-law, or Child6
Sibling or Grandparent-in-law

Offboarding & Termination

Termination Process

Dismissal of an employee is permissible for the following reasons:

  • Closure of business or transfer of ownership.
  • Company operations are suspended for more than one month by reason of force.
  • Change of company business nature, requiring a reduction in the number of employees, and there are no suitable job openings for redundant employees.
  • The employee is confirmed to be incompetent to carry out the work assigned to him or her.
  • A notice and pay severance to the employee is needed; unless an employee misrepresenting facts at the time of signing the employment contract, violence against the employer, the employer’s family, or fellow employees, the employee is absent from work for three consecutive days or for six days in a month without justifiable reason, or the employee causes damage purposefully.

Notice Period

Length of Service in CompanyNotice Period
3 months but < 1 year10 days
< 3 years20 days
> 3 years30 days

An employee is entitled to paid leave of up to two working days per week during the notice period for the purpose of finding a new job. The employer may elect to make payment in lieu of the notice period.

Severance Pay

If the employment began before 2005 under the Labour Standards Act, severance pay is equivalent to 1 month of average wages for each year of employment. Employees who have worked for <1 year receive a pro-rated severance pay.

If the employment began after 2005 under the Labour Pension Act, severance pay is calculated based on one month’s average wages for each year of employment. However, the amount paid for each year is equal to 50% of the employee’s average monthly salary.

Probation period

Not mandatory, but if an employee is terminated during the probation period, they will have to be provided with advance notice and severance pay.


5% standard rate. In certain circumstances, the rates may be reduced to 2% or 0%.

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