[Taxation] Cross-Strait Mutual Tax Exemption Agreement Is Expected to Be Signed End of the Year
2009-11-06 14:02:00
Mainland China and Taiwan have reached a consensus to sign a comprehensive agreement on mutual income tax exemption by the end of this year. Cooperation on power of taxation allocation and tax information exchange will start as early next year.
Howe...(more)
[Investment] Is there a limit on the maximum number of foreign nationals foreign companies can hire in Taiwan?
2009-11-04 11:36:34
The third item under the work qualifications and review standards section in Article 46, paragraph 1, items 1 to 6 of the Standards for Reviewing the Employment Qualifications for Foreigners stipulates : "In order to safeguard the work rights of ROC ...(more)
[Investment] Procedure Further Simplified for Foreign Employees
2009-11-02 10:32:19
The Council of Labor Affairs (CLA) recently issued an interpretation announcing that intra-company transferees sent to Taiwan by multinational enterprises no longer need to have their work experience certification verified by an overseas representati...(more)
[Taxation] Expenses of Complimentary Tourist Travel Provided to Customers Can be Recognized as Entertainment Expense
2009-10-26 10:16:52
For the purpose of profit-seeking operation, expenses of complimentary tourist travel provided to distributors or operation-relating customers can be recognized as entertainment expense within certain limit in case related invoices/receipts are provi...(more)
[Finance] Multi-Sales Company Reporting Now Done Online
2009-10-23 11:35:02
The Fair Trade Commission (FTC) has completed installation of a Multi-level Marketing Management System, fully electronizing (digitizing) reporting and amendment of reports by multilevel marketing companies, effective September 1. This will help thes...(more)
[Investment] Compensation for Services Provided Abroad Exempt from Income Tax
2009-10-21 14:33:38
The Ministry of Finance (MOF) recently promulgated the “Principles for the Determination of Income Earned in the ROC as Provided in Article 8 of the Income Tax Act,” providing that remuneration earned by companies without bases or agents in Taiwa...(more)
[Investment] Documentary Requirement Eased for Business Registration
2009-10-15 16:23:56
The Ministry of Economic Affairs recently revised the “Regulation Governing the Application of Business Registration” to accept a copy of the lease signed by the businessman in his or her own name and by the property owner as a substitute for the...(more)
[Life] Rules Relaxed for Overstaying Foreigners
2009-10-15 11:24:19
The National Immigration Agency has amended the Alien Entry Prohibition Operation Directions to extend the length of overstay resulting in a one-year entry ban from 30 days to 91 days.
Under the original rules, foreigners who overstayed in Taiwan fo...(more)
[Taxation] Principles in Determining Remuneration for Services
2009-10-12 10:34:33
Ministry of Finance issued Principles in Determining the Income from Sources in the Republic of China (R.O.C) Used in Article 8 of Income Tax Act on Sept 3, 2009. The key points are as follows:
I. The term “Remuneration for services rendered with...(more)
[Taxation] An Entity Must Declare the Commission from Brokerage Service for Import/Export Transaction
2009-10-07 10:48:25
The entity must declare the commission derived from acting as the broker for import/export transaction at tax filing. Any omission or under-declaring of such commission shall be subject to overdue tax payment and a penalty in accordance with tax law....(more)