Amendment to Statute for Industrial Innovation
2016-01-06 22:47:12
The Legislative Yuan passed an amendment to Statute for Industrial Innovation, which includes changes related to individual and company R&D tax deduction and employee stock rewards.
1. Companies can reward employees with stocks as remuneration, emplo...(more)
Taiwan-China Agreements on Double Taxation Avoidance and Aviation Safety.
2015-08-27 16:32:07
The 11th round of Preparatory talks between Taiwan’s Straits Exchange Foundation and China's Association for Relations across the Taiwan Straits was held on August 24th. Both parties had double-checked and verified the draft of agreements on double...(more)
Draft Amendment to the Income Tax Act aimed to prevent tax evasion and avoidance
2015-03-16 16:59:14
The Ministry of Finance submitted to the Executive Yuan a draft amendment to Article 43-3 and 43-4 of the Income Tax Act. The amendment is aimed to prevent businesses from tax evasion and avoidance through the use of tax havens....(more)
Input tax of company's year-end party expenses cannot be deducted
2015-01-30 16:21:32
The input tax cannot be used as deduction from output tax in the case of purchasing raffle prizes for company’s year-end party because they are purchased as rewards for employees. Giving the prizes to the employees does not need to be deemed as sel...(more)
Taiwan and FATCA
2014-11-04 16:45:08
With the implementation of FATCA (Foreign Account Tax Compliance Act), reporting to the IRS is scheduled to begin in March, 2015. In the future, related investment and tax information will be exchanged between Taiwan and the U.S. government.
With ...(more)
Draft Amendments to Statute for Industrial Innovation
2014-10-24 16:21:55
1. There are 2 tax credit rate choices for R&D investment. If the company wishes to extend the tax credit to 3 years, the tax credit rate would be 10%. If the company wishes to use the tax credit for the current fiscal year, the tax credit rate is wo...(more)
Electronic Signatures Act
2014-10-21 15:43:02
Article 1
This Act is enacted to encourage the use of electronic transactions, ensure the security of electronic transactions, and facilitate the development of electronic government and electronic commerce.
For matters not provided in this Act, ...(more)
Trade Secrets Act
2014-10-21 15:36:37
Article 1 (The Legislative Purpose)
This Act is enacted to protect trade secrets, maintain industrial ethics and order in competition, and balance societal and public interests. Matters not provided for in this Act shall be governed by other laws....(more)
The applicability of zero tax rate in the service industry
2014-10-14 16:26:34
According to Article 42 of The Enforcement Rules of Value-added and Non-value-added Business Tax Act, the amount of the tax refundable is limited to the amount calculated by applying the 5% business tax rate on the zero-tax rate sales income. The rel...(more)
Employee physical examination fees should be included in the salaries and withholding tax returns should be filed
2014-09-30 15:03:35
The physical examination fees paid by employers for public functionaries, teachers, military personnel, police, staff employees and workers of public and private enterprises are work-related subsidies and are categorized as salary income under Catego...(more)