2014-02-07 14:45:33

1. The unrealized expenses that were adjusted and decreased by an accountant in the previous period have been realized this period and adjusted and increased. The common mistake is the increased amount does not match with the amount in the report fro...(more)

2014-01-29 15:45:08

1.    If a certified public accountant does not certify and file the tax return before the deadline, it is treated as a normal tax return. 2.    The exempted income adhering to the regulations that encourages and rewards businesses should be e...(more)

2014-01-22 16:04:21

1. Enterprises, whose business is not specialized in real estate or securities, hold land that is not classified as fixed asset and is not sold by the end of the fiscal year. The interest expense that has not been allocated according to the regulatio...(more)

2014-01-03 14:09:55

In the case of the property of an enterprise or an individual is damaged, after both parties settle through legal proceedings, only the part of the settlement which is compensating for the damage is not taxable. The rest of the settlement is still ta...(more)

2013-01-17 19:41:02

In the attempts to prevent future occurrence of tunneling, the Legislative Yuan passed the preliminary review of amendment to the law on “Piercing the Corporate Veil” yesterday (7th). If this proposed amendment passed its third reading, the cour...(more)

2012-05-29 15:29:29

If an expatriate stays in Taiwan for over 183 days in a given fiscal year, the expatriate’s salary should be withheld according to the resident withholding tax rate.  The expatriate can choose either to withhold tax according to salary withhol...(more)

2012-04-10 10:21:32

Previously when diplomatic personnel in Taiwan with diplomatic ID card and tax exemption card purchase taxable goods, businesses still issue taxable GUI and tax exemption is not granted. According to item 4.3 in amended implementation note of Busi...(more)

2012-02-29 16:32:07

The explanation letter from the Ministry of Finance numbered 09804119811 replaced the letter numbered 09704042610 on March 12, 2010.   The tax paid by profit-seeking enterprises on behalf of the foreign employees cannot be recognized as business e...(more)

2012-02-24 17:40:29

The Ministry of Finance announced that foreign taxpayers can file income tax online starting May 2012 and there will be no need to send payment information to the tax office regardless if the tax is paid in cash or by debit card.   However, if...(more)

2012-01-06 13:12:25

The Legislative Yuan passed 5 amendments to laws regarding residence rights and land rights, including Real Estate Broking Management Act, Equalization of Lands Rights Act, Land Administration Agent Act, and Land Acquisition Act.   According to th...(more)