Expenses of the Entity and Subsidiary
2009-01-08 10:25:05
In case an entity and its subsidiary are located at the same office and share all the expenses, the entity which holds the related invoices/receipts shall provide detailed shared expenses report including related party, description and base of sharin...(more)
Tax Withholding of Year-End Bonus
2009-01-05 16:52:41
According to Standards of Withholding Rates for Various Incomes, whether withheld in accordance with rate table or directly at a rate of 6%, tax withholding shall be calculated based on total payment of each month.
According to Explanatory Decree No...(more)
Remuneration Paid to Foreign Entity must be Withheld at Source
2008-12-30 16:21:03
A 20% withholding tax must be levied on remuneration for technical services paid by entity in Taiwan to entity without fixed place of business in Taiwan in accordance with Article 88 of Income Tax Act and Article 3 of The Standards of Withholding Rat...(more)
Benefit from SFAS No.10: Reduction of Inventory to Market Could be Deducted From Undistributed Earnings for Tax Saving
2008-12-26 17:17:11
With economic recession, revised Statement of Financial Accounting Standards (SFAS) is of significant impact on earning, cost and expense of a company. Taxation Agency of Ministry of Finance stated that a company could recognize more reduction of inv...(more)
Issuance of Explanatory Decree No. 09704555660 by the MOF
2008-12-22 17:14:36
1. From Jan. 1, 2009, the individual shall be required to apply for business registration and file VAT return in case he/she leases self-owned buildings or sublease rented buildings to third party, which conforming to any of following conditions:
a....(more)
The Way of Issuing Uniform Invoice for Purchase on Behalf of a Third Party, Consigning Goods to Others for Sale and Collections and Payment Transfer
2008-12-15 21:10:41
According to Value-added and Non-value-added Business Tax Act, circumstance that a business entity purchases goods under its own name on behalf of a third party and delivers the goods to the third party, or consigns goods to others for sale or sells ...(more)
Regulations on Allowance of Utility Fee or Tax Payment for Foreign Employee
2008-12-10 21:08:17
From Jan 1, 2009, allowance of utility fee or tax payment for foreign employee, except for those shall not be included in as taxable income of foreign professional based on The Scope of Application for Tax Preferences Provided to Foreign Professional...(more)
What's a Government Uniform Invoice (GUI)
2008-12-07 21:07:33
Business entities selling goods or services in Taiwan need to issue a Government Uniform Invoice (GUI) to the buyer at the time of purchase, as stipulated in the Time Limit for Issuing Sales Documentary Evidence section of Taiwan's Value-added and No...(more)
Tax Levied on Transfer of Vehicle
2008-12-05 21:16:05
According to Value-Added and Non-Value-Added Business Tax Act, business tax, in the form of value-added or non-value-added, shall be levied on the sale of goods or services within the territory of the Republic of China (R.O.C.) and the import of good...(more)
Overdue Unused Blank Uniform Invoice must not be used in Next Period
2008-12-05 21:07:00
While filing business income tax return each period, an enterprise must void the overdue unused blank uniform invoice by cutting the corners and blank cash register uniform invoice must be returned to tax office or tax collection authority. According...(more)