Penalty of Tax Arrears

According National Tax Administration of Taiwan, if a taxpayer fails to make a due tax payment, following penalties must be made by the tax collection authority: 1. Tax authority may notify the government authority concerned to prohibit said taxpayer from transferring or creating other rights over the property of the taxpayer at a value equivalent to the amount of the outstanding tax payable. 2. If the overdue delinquent tax payable reaches a certain amount, the judicial authority may request the competent authority to restrict said taxpayer from exiting Taiwan. 3. If the taxpayer fails to make timely tax payment, the tax collection authority shall forward the case to the court for compulsory execution.