[Taxation] Issuance of Explanatory Decree No. 09800237380
2009-10-05 10:51:30
An explanation of Article 4 of the Estate and Gift Tax has been issued. The case where a donor has taken the following steps to transfer property that should have been subject to gift tax, such donor shall be taxed in accordance with paragraph 2, Art...(more)
[Taxation] Issuance of Decree No. 09800243530
2009-10-01 15:01:20
An explanation of Item 2, Paragraph 7, Article 24, of the Tax Collection Act has been issued. Taxpayers of such tax due and fines that are paid up but which do not include tax due and fines which are not yet reported in writing are restricted from ex...(more)
[Investment] Investment Purposes Apply for Alien Resident Certificates
2009-09-25 15:10:02
Foreign investors include chairmen, directors and supervisors, its representatives or its juridical or non-juridical persons. If they have resided in Taiwan for more than six months, they may apply to an overseas mission for an Alien Resident Certifi...(more)
[Finance] Can overseas Chinese or foreign nationals assume the position of chairman or vice chairman for a business in Taiwan
2009-09-23 10:34:18
To respond to the internationalization and liberalization of company operations, the government has eased restrictions on the nationality and place of residence for chairpersons of companies. On November 12, 2002, Article 208 of the Company Law, whic...(more)
[Investment] Can foreign investments be listed on the Taiwan Stock Market or the OTC market?
2009-09-22 14:33:22
The ROC, in accordance with the Regulations Governing the Public Listing of Securities of the Taiwan Stock Exchange Corporation and Regulations Governing the Public Listing of Securities by ROC Over-the-Counter Securities Exchange (ROSE), has no spec...(more)
[Life] Visa Application for Foreigners Entering Taiwan
2009-09-18 10:28:40
The applicant may go to ROC overseas missions, consulates and embassies with a letter of invitation, tax receipts, bank deposit notes (other documents dependent upon the case in question). The visa will be issued by the foreign missions.
After apply...(more)
[Taxation] Lowering of Various Income Tax Withholding Rates
2009-09-16 10:28:15
In order to build a better tax environment and enhance Taiwan’s international competitiveness, the Ministry of Finance has revised the Standards of Withholding Rates for Various Incomes to reduce and unify a number of income tax rates. The revision...(more)
[Investment] Toward Paperless Customs Clearance for Express Consignments
2009-09-10 11:10:50
The Ministry of Finance (MOF) recently revised the Regulations Governing Customs Clearance Procedures for Express Consignments, to bring Taiwan’s customs clearance procedure for express consignments more into line with international trends. By allo...(more)
[Taxation] Business Tax Act Amendment Sent to Legislative Yuan
2009-09-07 14:20:00
The Executive Yuan has approved a partial revision of the Value-added and Non-value-added Business Tax Act that will lower the rate of business tax on the purchase of overseas financial services within the scope of exclusively authorized business and...(more)
[Taxation] Tax Refund of Foreign Passengers
2009-09-04 11:35:55
Upon departing with goods eligible for VAT refund, foreign passengers should present their passports, the goods eligible for VAT refund, application form, and the uniform invoice bearing the wording VAT refundable to the departure airport/seaport cus...(more)