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)

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)