2011-11-15 11:40:55

Securities and Future Bureau under Financial Supervisory Commission, R.O.C. announced that they will amend the Financial Accounting Standards as soon as possible; the use of IFRS 9 will not become mandatory for accounting period commencing on January...(more)

2011-11-11 18:18:23

National Tax Administration commences withholding tax auditing, focusing on the withholding tax on dividends distributed to alien individual and foreign corporations.   According to the tax laws, when paying Dividend Net of Withholding Tax on divi...(more)

2011-11-07 17:08:34

On November 2, 2011: Ministry of Economic Affairs (MOEA) suggests: The withholding tax on the royalties earned by foreign business entities which have filed a patent application at the Intellectual Property Office under MOEA could be included in...(more)

2011-11-04 16:22:41

According to the Political Donation Act in Taiwan, the limits on the contributions made to political parties, political organizations or political candidates by businesses are as follow: The total amount of contributions made to the same political...(more)

2011-04-22 14:44:30

According to Act for the Establishment and Management of Free Trade Zones & International Airport Park Development Act which were enacted in 2009, a foreign company or a branch company in R.O.C. which stores products and executes a simple process in ...(more)

2011-01-10 09:46:30

The Ministry of Finance announced that the withholding tax rate on monthly fixed salary, part-time income, and annual bonus is decreased from 6 percent to 5 percent starting from January, 2011. A taxpayer, whose annual bonus is less than TWD $68,5...(more)

2010-11-25 17:08:30

In order to encourage enterprises by investing in research and development, the R.O.C. government has adopted the Statute for Industrial Innovation which was promulgated by the Legislative Yuan. The expenditure cannot exceed 15 percent of total expen...(more)

2010-11-10 10:41:14

According to Tax Collection Act, a taxpayer who voluntarily makes tax payment covering the tax amount which he or she has failed to declare shall be liable for paying interest on the late tax payment. Nevertheless, the taxpayer is exempt from the pen...(more)

2010-08-27 11:57:06

On 28th, the Executive Yuan passed the proposal by the Ministry of Finance to amend the Value Added and Non-Value Added Business Tax Act paragraph 1 of Article 7. The amendment augmented the purchase of specific goods or services eligible for Value A...(more)

2010-08-09 15:24:01

The allocation of stock dividends received in year 2005 and after by for-profit enterprises or companies which invest in other domestic profit seeking businesses should be recorded as additional numbers of shares according to the Generally Accepted A...(more)