Reminder of Withholding/Non-withholding Statement for 2010 Income Tax
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)
VAT refund for foreign exhibitors and foreign travelers in Taiwan
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)
How to calculate the gains and losses for the sale of stocks in securities exchange by company?
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)
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)