Taiwan to increase Minimum Wage Monthly Salary to NT$27, 470 Starting January 2024


Taipei, Taiwan – The Ministry of Labor (MOL) committee approved the Wage salary increased from NT$26, 400 to NT$27, 470 per month, starting January 2024.

The wage increased by NT$1,070 per month and increased of NT$7 per hour from NT$176 to NT$183. Taiwan’s minimum, monthly and hourly wage will rise by 4.05% and 3.9% respectively starting from January 1, 2024. This wage hike is the 8th consecutive since President Tsai Ing-wen took office in 2016, read also here the wage increased last year.

Taiwan Minimum Wage  Monthly Salary will be NT$27,470

Taiwan Monthly Salary to increase from NT$26,400 to NT$27,470

According to MOL statistics, 1.7 million of workers will benefit from the monthly salary increased. An estimated half a million of workers will benefit from the hourly wage hike.

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