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)
Input Tax from Passenger Car Procurement Shall not be Deducted from Output Tax
2008-12-03 21:11:39
According to Taiwan tax law, input tax incurred by purchasing passenger car for personal use shall not be deducted from output tax by a business entity. The term “passenger car for personal use” refers to a passenger automobile having not more th...(more)
Tax Withholding of Alien Employee
2008-12-03 21:06:27
According to Income Tax Act, a non-resident individual or a profit-seeking enterprise without permanent establishment in the Republic of China but having income as enumerated under Article 88, the tax withholder, shall within ten days from the date o...(more)
2009 Tax Calendar
2008-12-02 21:13:59
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