Taiwan grants pandemic subsidies to 600,000 self-employed

The Cabinet is revising an economic stimulus bill to provide financial relief to two groups of self-employed people affected by the pandemic.

This move will benefit 600,000 labourers who were ineligible for previous coronavirus cash relief schemes, said a Cabinet official. 

The subsidies for the two groups of self-employed persons were included in a NT$260 billion (US$9.39 billion) relief package to be approved by the Cabinet.  

The first group consists of self-employed people with an insured income of less than NT$24,000 (US$867) per month and who had no insured salary last year or were otherwise ineligible for stimulus benefits. This group of around 100,000, who recently joined the workforce, would receive a one-off stimulus payment of NT$30,000 (US$1,084). 

The second group are the self-employed or those who do not have regular employment and earn an insured salary of over NT$24,000 (US$867) per month. They will receive one-off payments of under NT$30,000 (US$1,084). People in this group would include market vendors and painters.  

The Cabinet is expected to approve and give the full details of the NT$260 billion (US$9.39 billion) relief package, which also includes NT$25 billion (US$903 million) in subsidies for families with young children. 

READ: Taiwan approves US$30.4 billon for pandemic relief

The Legislature had earlier passed a bill that doubled the cap for the government’s overall budget from NT$420 billion (US$15 billion) to NT$840 billion (US$30 billion) for COVID-19 relief in the long term, according to Focus Taiwan. 

Share this articles!

More from HRM Asia

Subscribe to Our Newsletter

Stay updated with the latest HR insights and events,
delivered right to your inbox.

Sponsorship Opportunity

Get in touch to find out more about sponsorship and exhibition opportunities.