[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)
[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)