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)

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)

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)

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)

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)

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)

2014-05-20 15:06:57

Businesses often mistakenly see convertible bonds and stock as the same category of investment product and put them together in the calculations for cost, profit and loss. This results in mistakes in both securities transaction cost and basic income ...(more)

2014-05-13 16:07:31

When filing income tax in May, businesses should beware of the 3 major changes in the minimum taxation. The standard tax deduction amount has been reduced from 2,000,000 to 500,000 and the tax rate has been increased to 12%. Along with the impleme...(more)

2014-04-29 16:03:46

Finance Committee of Legislative Yuan will scrutinize the draft bill on increase/decrease taxes proposed by Executive Yuan. High-earning individuals, stock investors, banks and insurance agencies are the targets of the tax increase. Taxes decrease fo...(more)

2014-04-22 16:24:39

1. In the case of enterprises obtaining dividends from foreign profit-seeking enterprises who had applied to be listed in Taiwan stock markets, the dividends shall be taxed according to Article 3 of Income Tax Act and shall not be excluded from taxab...(more)