Diplomatic Sales Tax Exemption
2014-09-23 14:25:48
According to Article 4 of Tax Collection Act, when a foreign diplomat in Taiwan with a diplomat identification card and tax exemption card issued by the Ministry of Foreign Affairs purchases goods or services, the vendor should issue a zero-tax-rate ...(more)
Estate Tax and Life Insurance
2014-08-15 14:34:45
According to Item 9, Article 16 of the Estate and Gift Tax Act, the proceeds paid to the designated beneficiary at the time of death of the insured under life insurance are excluded from the Gross Estate. Item 9, Article 16 of the Estate and Gift Tax...(more)
Luxury Tax on High-priced Used Cars
2014-08-12 13:51:03
The Specifically Selected Goods and Services Tax (Luxury Tax) is only imposed on high-priced new cars. For used car dealers selling high-priced used cars, if the car price is not over 3 million NTD, it is not under the scope of luxury tax.
Luxury...(more)
Income tax on selling share of companies that do not issue stocks
2014-08-08 15:50:36
When individuals sell shares of companies that do not issue stock, it is not the securities described under the provision of Article 1 Subparagraph 2 of Securities Transaction Tax Act and Article 4-1 of Income Tax Act. Therefore, it is not subject to...(more)
Business Income Tax for businesses in operation for less than a year
2014-08-01 13:19:23
Businesses that have been in operation for less than a year should convert the actual business income to annual income using the ration of the days in operation to days in a year, in order to calculate the annual business income tax amount, which is ...(more)
Combine Land and House Taxes
2014-07-29 14:32:32
The head of the Ministry of Finance said house and land are combined to calculate transferring or selling price and after subtracting the buying cost and related costs, it is taxed according to the actual transaction price of the land and house combi...(more)
house tax increase
2014-06-10 15:23:13
In support of regulating individuals with more than 4 real estate properties, the Legislative Yuan passed the bill that increases house tax from 1.5% to 3.6% on houses that are not resided by the owner....(more)
VAT input deduction period is extended to 10 years
2014-06-06 15:12:00
According to Civil Code, a claim is extinguished if it is not exercised within ten years. The Ministry of Finance made an amendment to Article 29 of Enforcement Rules of Value-added and Non-value-added Business Tax Act: the time period for business e...(more)
Business Tax is exempted for internet sellers whose monthly sales income is less than 80,000 NTD
2014-06-03 15:30:44
If the monthly sales income of a for-profit internet seller is less the business tax threshold (80,000 NTD for businesses selling goods; 40,000 NTD for businesses selling services), the internet seller does not need to register the business with the ...(more)
The income derived from technical services within Taiwan for foreign enterprises can be only 2.55% of the total income
2014-05-31 21:11:43
Article 25 of the Income Tax Act, businesses whose headquarters are outside of Taiwan must apply for the tax benefit described in Article 25 of Income Tax Act with the Ministry of Finance and 15% of its business revenue within Taiwan would be the tax...(more)