[Finance] Taiwan financial reporting standards will converge to IFRS

2009-12-18 14:57:54

In addition, Taiwan's financial reporting standards will gradually converge to the International Financial Reporting Standards (IFRS), which are principle-based. Such convergence requires no exception, least regulations and professional judgments. ...(more)

[Life] Local Products

2009-12-16 16:51:22

Aside from enjoying snacks of all kinds in Taiwan, you should also not miss the special delicacies indigenous to each area. These products usually have gift packaging, which is convenient for travelers who want to take them home as gifts for friends ...(more)

[Investment] Taiwan Intellectual Advantage

2009-12-14 10:56:07

According to WEF's "World Competitiveness Report" published on October 8, 2008, Taiwan ranks number 8 in the world because of abundant R&D talents. According to the "Science and Technology Development Survey" conducted by the National Science Cou...(more)

[Investment] Establishment of Operations Headquarters

2009-12-11 16:56:48

A company that establishes a headquarters in Taiwan that reaches a certain scale with significant economic effect will be exempt from profit-seeking-enterprise income tax on income derived from providing management or R&D services to related fore...(more)

[Life] Rail Tour in Taiwan

2009-12-09 09:33:49

Taiwan's railways offer an endless variety of experience, and the scenery lining their routes provides an infinite range of fascinating scenery. If you want to get a close look at the island's beauties without having to suffer the problems of unfamil...(more)

[Taxation] Tax Incentives for Company Reorganization

2009-12-07 10:52:39

The Business Mergers and Acquisitions Law (M&A Law) contains a number of tax incentives to encourage business reorganizations (including mergers, divisions and share exchanges) and improve operational efficiency. If a company acquires the assets ...(more)

[Investment] World Bank: Taiwan Soars Up Ease of Doing Business Ranking

2009-12-04 17:48:53

In the World Bank’s Doing Business 2010 report, Taiwan’s ranking in the “Ease of Doing Business” index soared 15 places to the 46th among the 183 countries covered. In degree of improvement, this ranked Taiwan the 5th in the world. The Worl...(more)

[Life] One-day tour of Taipei City

2009-12-02 10:51:18

The Presidential Office Building -> Chiang Kai-shek Memorial Hall -> National Museum of History -> Longshan Temple -> Huaxi Street Night Market  The NMH's collection included the bronzes unearthed in Xinzheng, Hui and Anyang (in Henan P...(more)

[Taxation] Foreign Tax Credit

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)

[Taxation] Types of GUI

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)


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