[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)
[Taxation] Principles for Determining Income from Sources in the ROC Regulated in Article 8 of Income Tax Act (3)
2010-01-26 15:04:14
13. Comprehensive service rendered by foreign corporations within the territory of the ROC refers to those services concerning various businesses simultaneously (e.g. service combining use of patent, service performance and equipment rental). Tax co...(more)
[Taxation] Principles for Determining Income from Sources in the ROC Regulated in Article 8 of Income Tax Act (2)
2010-01-22 11:03:08
6. “Rental obtained from lease of property situated within the territory of the ROC” stated in Item 5 Article 8 of the Act refers to rental obtained from lease of property within the territory of the ROC as follows:
(1) Real estate: House or l...(more)
[Taxation] Principles for Determining Income from Sources in the ROC Regulated in Article 8 of Income Tax Act (1)
2010-01-19 10:01:44
1. The principles are made for determining the income from sources in the ROC regulated in Article 8 of Income Tax Act (hereinafter called as the “Act”).
2. “Dividends distributed by companies incorporated and registered in accordance with t...(more)
[Investment] Government Response to ECCT Suggestions (2008-2009)
2010-01-15 13:15:59
Government Response to ECCT suggestions on various topics:
Asset Management:
Cancellation of ceiling amount on the raising of onshore funds and lowering of the minimum amount from NT$600 million to NT$300 million.
Automotive Industry:
1. Lowering...(more)
[Taxation] Tax Rebate Rules Eased for Bonded Factory Waste Materials
2010-01-11 11:16:53
To meet the practical operating and management needs in customs, the Ministry of Finance (MOF) has revised the Regulation Governing Customs Bonded Factories so that, in the future, when bonded factories are unable to withdraw all of the scraps and wa...(more)