China News - June 3
2020-06-03 18:16:20
Jiangsu - Further Reduction in 5G Usage Price
The Industry and Information Technology Department of Jiangsu recently revealed that 35,000 5G base stations have been built in Jiangsu Province, accounting for 12% of the total in the mainland, with ...(more)
US Semiconductor Industry Seeks $37 billion Government Boost
2020-06-02 18:00:56
The Semiconductor Industry Association (SIA) is asking for $37 billion in federal funding to support the US chip sector. In the midst of the trade war between the US and China, on May 15, TSMC has announced to invest $12 billion on a wafer fab in Ari...(more)
CbC Report - Safe Harbor Rules - Taiwan
2020-05-19 16:43:56
On 10 December 2019, the Ministry of Finance (MOF) issued Administrative Decree No. 10804651540 providing exemption from CbC reporting for Taiwan entities under a MNE Group headquartered outside Taiwan. The new safe harbor rules prescribe that the Ta...(more)
Increased Withholding Tax Rates from 2018: Countries that Have Signed a Tax Treaty with Taiwan Enjoy Preferential Withholding Rates
2020-05-18 13:47:34
May and June are the peak season for shareholders meetings. National Taxation Bureau of the Northern Area, Ministry of Finance reminded on the 12th that from 2018, companies distributing dividends to overseas individuals or enterprises are subject to...(more)
Huge Loss for Enterprises! Overdue Tax Returns Are Subject to a 10% Overdue Fine
2020-05-18 13:11:41
In response to the COVID-19 pandemic, the Ministry of Finance has extended the tax return period to June 30th this year to reduce the risk of group infections, a first for the country. However, the National Taxation Bureau reminded on the 12th that i...(more)
The 2019 Income Tax filing date is automatically extended to Jun 30.
2020-05-08 16:26:01
The due date for the year of 2019 Income Tax filing and tax payment has been fully extended. The Ministry of Finance has announced the due date will be extended from May 31 to Jun 30. The extension is effective automatically and is applied to every t...(more)
Supporting Measures provided by the Ministry of Finance for COVID-19
2020-04-14 18:42:08
The global outbreak of COVID-19 has created significant impacts of to individuals or business entities. Taiwan Ministry of Finance has offered some supporting measures to taxpayers, in terms of tax payment and filing. The below is a summary of the me...(more)
New Working Visa, Taiwan Open Door to Mid-level skilled foreign talent
2018-11-02 23:28:56
The drafting of a new economic immigration act targets three categories of foreign talent -- professionals, mid-level skilled workers, and Taiwanese expatriates and their offspring.
The primary goal of the proposed legislation will be to boost rec...(more)
Regulations Governing Reduction and Exemption of Income Tax of Foreign Special Professionals
2018-08-03 21:13:07
Article 4
For a foriegn special professional who has met the requirements in the preceding Article, during the first three years starting from the year when he/she for the first time has resided in the R.O.C. for a full 183 days of the year and ha...(more)
Advance pricing agreement
2018-05-21 16:32:03
Taiwan Branch of a Foreign Multinational Corporation applying for and signing APA may reduce the taxation risks from a post-tax review
According to National Taxation Bureau of Taipei, MOF, a worldwide frequently seen Transfer Pricing System is es...(more)