Finance ministry unveils tax dividend collection options

Finance


Taiwanese and eligible foreign nationals are to have several options for collecting their NT$6,000 (US$196.85) dividend from last year’s tax surplus, the Ministry of Finance said on Thursday.

An online platform is being created to allow a direct transfer of funds to the bank accounts of eligible people who register on its Web site, the ministry said.

Taiwanese and eligible foreign nationals — those with permanent residence status and resident spouses of Taiwanese nationals — are also to have the option of collecting the dividend from their bank or at a post office bank counter within six months from the start of the program, Deputy Minister of Finance Juan Ching-hua (阮清華) said.

Photo: Tyrone Siu, Reuters

Those who receive monthly Labor Insurance pensions, farmers’ welfare allowance and other such benefits are to have the NT$6,000 deposited into their designated accounts, Juan said.

Residents of Hualien’s Wanrong Township (萬榮), Taitung’s Jinfeng Township (金峰) and Pingtung’s Shihzih Township (獅子) are to receive the dividend by direct cash transfer after police precincts conduct a census of the number of eligible people.

Under the disbursement proposal, which is pending legislative approval, NT$141.7 billion has been allocated for Taiwanese citizens and eligible foreign nationals, the Directorate-General of Budget, Accounting and Statistics said.

People who opt to receive the dividend via the online platform or at banks or post offices must present a National Identification Card, Alien Permanent Resident Certificate or other such identification, Juan said.

People should be wary of scams and not pass any personal information to non-official sources, and wait for the government’s official announcement before submitting any personal information, Juan added.

The Cabinet on Wednesday approved a disbursement of NT$380 billion in tax surplus to boost the economy. A third of that total is being distributed in the dividend program.

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