2009-11-30 14:38:51

According to tax treaty which is to avoid double taxation, three methods for foreign tax credit can be applied: 1. Direct Foreign Tax Credit: Withholding tax imposed on dividends in foreign countries can be used in parent country for corporate tax ...(more)

2009-11-27 11:04:38

The types of GUI and their usage are as follows: GUI in triplicate A VAT-system business entity sells goods or services to another business entity (usually business-to-business) GUI in duplicate A VAT-system business entity sells goods or ser...(more)

2009-11-26 11:03:02

The following categories of income are exempt from profit-seeking-enterprise income tax: 1.Income derived from the sale of land or the sale of property for the purpose of stockpiling war materials in accordance with government regulations. 2.Income...(more)

2009-11-23 14:08:43

Based on recent changes in retirement benefits, according to the law an employee upon retirement currently may receive benefits from up to three sources, depending on the employee’s retirement scheme selection. If the employee has selected the re...(more)

2009-11-20 16:10:24

For foreign professionals, prerequisites for a work permit depend on the education level and the working experience of the applicant. The duration of a work permit shall not exceed 3 years and applications for extension can be submitted based on busi...(more)

2009-11-18 14:00:35

Taipei Hot Springs Beitou Hot Spring In recent years hotspring bathing has become an increasingly popular pastime in Taiwan. The hotsprings of Peitou in the north of Taipei City are especially popular with hotspring bathers as they offer the best...(more)

2009-11-16 14:03:16

The Financial Supervisory Commission (FSC) recently relaxed restrictions on real estate transactions by insurance companies and non-interested parties. In the future, insurance firms will be able to choose either stockholders' equity or enterprise fu...(more)

2009-11-13 10:50:19

A draft partial revision of the Customs Import Tariff, approved recently by the Executive Yuan, will strengthen Taiwan's industrial competitiveness and bring the island's tariff schedule into line with international norms. The revision will lower tar...(more)

2009-11-11 14:28:55

Shilin Night Market Specialties: oyster ometets, wrapped biscuits, stir-fired cuttlefish, shaved ice, fried chicken, stinky tofu, fried buns, spare ribs stewed in herbal soup Location: In the neighborhood of Dadong Rd., Danan Rd., Wenin Rd., & ...(more)

2009-11-09 10:42:06

The ROC's general policy toward tax treaties is to avoid double taxation, prevent fiscal evasion and strengthen substantive relations. The tax treaties that the ROC has entered into follow the OECD model and take into consideration matters relating t...(more)