Individual Income Tax on personal property transactions
2025-03-05 18:37:17
The growing trend of art collecting in Taiwan has led to questions about how to report income generated from the auction of art pieces for individual income tax purposes. According to the Kaohsiung National Tax Bureau of the Ministry of Finance, the ...(more)
Taiwan Employment Gold Card and Income Tax Incentives
2025-02-03 15:32:38
Under Article 20 of the Act for the Recruitment and Employment of Foreign Professional Talent, foreign professionals in specific fields who meet certain conditions and are approved to reside in Taiwan for the first time due to their employment...(more)
The sales of electricity and the transfer of renewable energy are subject to both Value Added Tax (VAT) and Income Tax.
2025-01-23 17:33:59
According to the Renewable Energy Development Act and the relevant provisions, individuals or entities that install renewable energy generation equipment and sell the electricity generated by such equipment are considered to fall within the scope of ...(more)
The 2025 Lunar New Year holiday lasts 9 days, with the eve of the New Year falling on January 28.
2025-01-16 17:58:18
In the 2025 calendar, there will be a total of 115 public holidays, including 5 long weekends of 3 days or more. These holidays are:
Lunar New Year holiday (January 25 to February 2, with Lunar New Year's Eve on January 28),
228 Memorial Day (Feb...(more)
Global Anti-Base Erosion Model Rules (Pillar Two) Taiwan - Pillar Two implementation updates
2024-12-16 16:52:15
In the context of global economic globalization and digitalization trends, multinational enterprises (MNEs) have been using low-tax jurisdictions or unconventional transactions involving related entities for excessive tax avoidance, which leads to ta...(more)
A foreign diplomatic mission or its personnel stationed in Taiwan may enjoy "0%" Value Added Tax (VAT) rate.
2024-12-16 15:11:48
The Kaohsiung National Tax Bureau has clarified how to handle VAT exemption when a business sells taxable goods or services to a diplomatic mission or its personnel stationed in Taiwan, in the case where the buyer presents a "Tax Exemption Card" issu...(more)
Taiwan employers may not be required to pay wages for a typhoon leave.
2024-10-03 12:33:06
The letter from the Council of Labor Affairs, Executive Yuan, dated July 12, 1991 (80) Labor No. 17564, stipulates the following principles:
1. When a natural disaster occurs, the conditions under which workers at a business may st...(more)
It is possible to defer the payment of Annual Corporate Income Tax
2024-05-28 18:36:11
Annual Income Tax for the year 2023 is due on May 31, 2024.
For Companies Facing Financial Difficulties, it is possible to defer the payment of Annual Corporate Income TaxAccording to Article 26 of the Income Tax Act of Taiwan, companies ...(more)
Internet banking services may also be unavailable due to typhoon
2023-10-04 18:04:22
Attention to all companies and individuals in Taiwan: please be aware that some counties or cities may take a day off due to the typhoon. In areas where work has been halted, internet banking services may also be unavailable. If you intend to initiat...(more)
A Non- Tax Resident Foreign Spouse may file Annual Individual Income Tax Return separately
2023-07-18 16:06:42
According to Article 73 of the Taiwan Income Tax Act, if a Taiwanese individual marries a foreign national and the foreign spouse resides in Taiwan for a total of 183 days or more during a tax year, they are regarded as residents of Taiwan for ...(more)