2014-04-18 15:16:06

Businesses whose income tax is lower than Basic Tax because investment tax credit is applied should file and pay Basic Tax according to Income Basic Tax Act. (Refer to Income Basic Tax Act: http://law.moj.gov.tw/Eng/LawClass/LawAll.aspx?PCode=G034011...(more)

2014-04-15 15:39:33

In the case where businesses’ account receivable, note receivable or any other item of uncollected credit is wholly or partially uncollectible due to the settlement of court disputes, the related bad debt loss cannot be recognized if the documents ...(more)

2014-04-11 15:35:10

If an investment loss is incurred due to the liquidation of a business invested by an enterprise, the enterprise must have complete documentation of the liquidation of the invested business and the investment loss shall be recognized in the year in w...(more)

2014-04-08 16:22:44

1. When filing cases related to Transfer Pricing, enterprises must remember to provide a Transfer Pricing report certified by a certified public accountant and related documentation to show whether the controlled transaction is at arm’s length. 2. ...(more)

2014-03-25 15:54:12

When businesses use the R&D expenditure as tax credit according to Article 10 of Act for Industrial Innovation, they must apply with the central government authority to confirm the R&D activities for the current year according to the related ...(more)

2014-03-21 16:01:22

The loss where Subparagraph 1 of Article 38 in Business Mergers And Acquisitions Act applies shall be deducted from the net profit of the current year within five years upon the year the loss takes place. ...(more)

2014-03-18 15:45:06

According to Ministry of Finance Regulation No. 09900080650 on March 18th, 2010, when calculating net profit in accordance with the Commercial Accounting Act, employee bonuses or director remunerations considered as expenses cannot be deducted again ...(more)

2014-03-07 14:12:48

Accountants detailing manufacturing costs according to Article 58 Item 1 of The Guidelines for Examination of Profit-seeking Enterprise Income Tax should also keep the related audit worksheets....(more)

2014-02-25 16:07:18

Accountants should explain if the consumption of raw material exceeds the normal amount for the same industry when stating the perpetual inventory system is used (for manufacturing industry) and should also keep any related records....(more)

2014-02-14 17:31:19

The Ministry of Finance official letter No. 09800558710 states: according to article 57 of Income Tax Act, after fix assets are completely depreciated at the expiration of their useful years, whether they can be charged to loss for the current fiscal...(more)