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Taiwan’s social security system is a robust network of programs covering various needs: Compulsory for all employees, the Labor Insurance offers benefits like old-age, disability, and survivors’ pensions, maternity, and sickness benefits; the National Health Insurance ensures equal healthcare access for all citizens; the Labor Pension Fund mandates employer contributions towards individual pension accounts. Specialized insurances exist for farmers, public servants, teachers, and military personnel.
Read on to find our more about how employers and employees must contribute to the Taiwan social security system.
The Labor Insurance scheme provides cover in the case of death, injury and illness, loss of daily functional abilities, medical costs arising from occupational hazards.
The Labor Pension Program provides a pension scheme for employees, including expats.
The National Health Insurance (NHI) system is a social insurance that captures all residents of the country. Through this program, individuals including expats with a full time job get equal access to healthcare services. An individual will no longer be eligible for coverage under NHI when their Alien Resident Card (ARC expires).
For 2023, social security contributions for employees in Taiwan are as follows:
All Taiwan (China) employers make mandatory contributions towards the National Pension fund, the National Health Insurance scheme, Unemployment Insurance, and the Industrial Accident Compensation Insurance scheme.
In 2023, employer contributions towards social security are as follows:
Social security contributions in Taiwan are, on average, lower, than those in the surrounding countries:
South Korea: ≈9.545%
Your business can easily hire employees in Taiwan without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
Employers contribute on average approximately 15% of an employee’s salary to social security in Taiwan.
Social security in Taiwan covers medical, disability, retirement, and death benefits.