The Presidential Executive Order amends Article 5 and Article 126 of ROC Income Tax Act.
2010-06-24 13:31:18
According to Jun15, 2010 Gazette 09900150571 by Executive Yuan and Gazette 6927 of Office of President of ROC, the corporate income tax rate was amended from 20% to 17%. The Presidential Executive Order amends Article 5 and Article 126 of ROC Income ...(more)
Legislative Yuan enacted the corporate income tax rate lowered to 17%
2010-06-11 16:54:35
From the overview of Asian corporate income tax rate, previous rate of 20% in Taiwan are now cut down to 17% just like 17% in Singapore and 16.5% in Hong Kong. This way will have more chance to compete with China’s 25%, Korea’s 22%. This can ...(more)
Income Tax Law Article 88, Article 92
2010-06-10 09:43:06
By the end of January of each year, company should be careful before issuing tax withholding vouchers, check on the actual payment of the total amount of the taxpayer and the withholding tax, in order to avoid clerical error or computer error led to ...(more)
Ad hoc subsidies
2010-05-13 09:24:59
Profit-seeking enterprise who obtained government subsidies, of the Income Tax Act there is no tax provision, in principle, it should be fully reported in the filing year as "other income" tax. This is further explained that if the profit-seeking e...(more)
Mandatory distribution of the surplus capital
2010-04-27 15:00:26
Income Tax Law of the Legislative may provide 66 of the 9 amendments, corporate retained earnings up more than half the amount of capital to be distributed to shareholders mandatory whereas keeping the current practice of imposing 10% of return earni...(more)
Foreigner's Income Tax Solution
2010-04-27 14:47:39
If an expatriate's spouses is a citizen of the Republic of China and the expatriate is a tax resident, the couple should file annual income tax returns jointly. However, the couple may also chooose who is dependent, the expatriate or spouse. Alie...(more)
Government's Tax Reduction Plan for Natural Disaster Victims
2010-04-12 15:40:56
Ministry of Finance will address natural disasters such as earthquakes, normal stages of implementation of the extension of tax payment or stop-gap measure. Including income tax, comoodity tax, business tax, alocohol and tobacco tax of four nationa...(more)
[Taxation]Outsourcing Processing & Direct Export
2010-03-23 11:48:27
After receiving an order from a third-country buyer, the local trading company company A declares to customs and exports the materials and unfinished goods to offshore manufacturer company B for processing. Company B is responsible for exporting the ...(more)
[Taxation] Marine Transport Tax System to Adopt Twin-track Approach
2010-02-26 10:26:23
The “Tonnage tax regime” provision of the Income Tax Law, as recently approved by the Executive Yuan, allows the taxation of marine transport income to be switched to a tonnage tax. Once the new system is implemented, it will be highly beneficial...(more)
[Taxation] Withholding Tax of Annual Bonus Could be Deducted Separately
2010-02-24 16:58:41
Annual bonuses paid to employees are not recognized as monthly remuneration and need not to be combined with monthly payment for withholding tax. Withholding tax for the bonus at the rate of 6% shall be deducted....(more)