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)
Property Trading Tax for Foreigners Cut to 20%
2009-03-10 10:33:26
To attract more foreigners to invest in Taiwan and accommodate the Executive Yuan’s policy of “Friendly Measures for Foreign Professionals,” the Ministry of Finance (MOF) has moved to simplify withholding rates for foreigners in Taiwan by revis...(more)
Withholding Tax Shall be Deducted from Indemnification
2009-03-06 11:42:42
According to Ministry of Finance, indemnification due to tort of patent or trademark right owned by foreign entity shall be recognized as income of that foreign entity within territory of Taiwan in accordance with Paragraph 11 of Article 8 of Inc...(more)
Explanatory Decree No. 09404527550 by the MOF on 17 May 2005
2009-03-02 15:39:19
Explanatory Decree No. 09404527550 by the MOF on 17 May 2005: Regulations governing taxation of income derived from exercise of employee stock options granted by a foreign associated enterprise to the employees of a Taiwan subsidiary, branch or liais...(more)