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)
[Taxation] Overseas Income Are Subject to Tax from 2010
2010-02-22 15:59:12
From Jan 1 2010, individual overseas income of the whole family exceeding NTD 1 million every year shall be recognized as basic income. According to Article 7 of Income Tax Act, the taxpayer shall be the person 1) who has domicile within the territor...(more)
[Life] New Systems for 2010 Will Benefit the Public
2010-02-11 14:54:03
The government is instituting new policies and measures designed to create a better living environment. New measures to be instituted in 2010 to forward the interests of the public include a reduction in the consolidated income tax rate and an adjust...(more)
[Taxation] Clarification on Alien Individual Income Tax
2010-02-08 13:10:50
Based on Item 3, Paragraph 1, Article 8 of the Income Tax Law of the ROC, if an alien stays in the ROC for more than 90 days during a taxable year, the remuneration he/she receives from his/her employer(s) outside of the ROC for services rendered wit...(more)
[Taxation] Commodity Tax Cut for Dual-fuel Vehicles
2010-02-05 14:20:50
Responding to the trend toward environmental protection and the need to reduce air pollution and carbon dioxide emissions, the Executive Yuan recently approved a draft revision of the Commodity Tax Act that will cut the tax by NT$25,000 for each newl...(more)
[Investment] Customs Clearance Rules Eased for Free Trade Zones
2010-02-02 16:20:38
Ministry of Finance has further relaxed customs procedures for free trade zone goods in line with the July 2009 revision of the Act for the Establishment and Management of Free Trade Zones. The relaxation will benefit free trade zone companies that e...(more)