Rules Eased for Stock Procurement by Foreign Employees of Overseas Branches
2009-04-21 14:41:34
Following its granting of permission for the issuance of stock warrants to foreign employees of overseas subsidiaries, the Financial Supervisory Commission (FSC) recently announced a further relaxation that provides the same for overseas branches. Th...(more)
Shareholding Limits Relaxed for Directors and Supervisors
2009-04-18 14:40:15
The Financial Supervisory Commission (FSC) has moved to encourage companies to establish auditing committees and appoint independent directors by promulgating a revision of Article 2 of the Rules and Review Procedures for Director and Supervisor Shar...(more)
International Logistics Operators Get Five-Year Tax Holiday
2009-04-14 15:38:52
A revision of the Incentive Regulations for International Logistics Enterprises in Newly Emerging, Important and Strategic Industries, promulgated by the Executive Yuan on Nov. 30, is designed to encourage the development of Taiwan’s international ...(more)
Point-of-Origin Certification Simplified for Import Goods
2009-04-08 11:37:16
A revision of the Regulations for Certifying the Origin of Import Goods, announced recently by the Ministry of Finance, will speed up point-of-origin certification and make the certification process more clear-cut, transparent, and predictable. In th...(more)
Direct Hiring of Foreign Workers Initiated
2009-04-02 10:35:05
The hiring of foreign workers has become more economical and convenient with the recent establishment by the Council of Labor Affairs (CLA) of a Direct Hiring Service Center where employers can hire foreign workers directly. Initial priority will be ...(more)
[Taxation] Special Deduction of Income from Salaries/Wages
2009-03-31 14:28:11
For taxpayer, spouse and dependents who have salaries or wages income, the special deduction of income from salaries or wages for each person shall be NT$100,000 while filing 2008 Individual Income Tax Return. However, in case the salary of the whole...(more)
[Taxation] Whether Medical Expenses Occurred Overseas Can be Deducted from Gross Income
2009-03-25 14:26:59
For taxpayer, spouse and dependents who have salaries or wages, medical expenses occurred in foreign countries can be deducted from gross income in case certificate shall be provided by public hospitals or private university hospitals in foreign coun...(more)
[Investment] Change formality must be completed in case business scopes change
2009-03-20 14:25:11
In case business scopes of a company change from those on registration certificate, change formality must be completed. If the change formality is not gone through, the company shall be possible to be audited as abnormality due to different net profi...(more)
[Investment] Amendment of Article 6, 12 and 17 of Regulation Governing Visiting, Residence and Permanent Resident of Aliens issued on Feb 27, 2009
2009-03-17 14:24:00
1. Paragraph 5 of Article 6 shall be also applicable to resident in Republic of China who has household registered in Republic of China.
2. For Condition 1 of Article 12, amount of capital is changed from NT$15,000,000 to NT$30,000,0...(more)
[Investment] Extension of Tax Refund Benefits for Foreign Visitors
2009-03-12 11:59:27
The government intends to spur domestic consumption by making it more convenient for foreign visitors to claim business tax refund. Under present regulations, foreign visitors and ROC passport holders without a local ID number can reclaim 5% on depar...(more)