On 13 December 2022, the Ministry of Finance of Taiwan issued a press release providing the list of low-tax jurisdictions under controlled foreign company (CFC) rules. The CFC rules will be effective from 1 January 2023 for profit-making enterprises and individuals in Taiwan who directly or indirectly hold more than 50% of the shares or capital of affiliated companies or has significant influence in low-tax countries or regions outside the Republic of China.
«
UAE publishes new corporate tax law
Related Posts
US: Rep. Ami Bera leads bipartisan push for Taiwan double taxation relief
The US Representative Ami Bera, M.D. (D-CA-06), Ranking Member of the House Foreign Affairs Subcommittee on the Indo-Pacific and Co-Chair of the Congressional Taiwan Caucus, and Rep. Andy Barr (R-KY-06), Co-Chair of the Congressional Taiwan Caucus
Read MoreTaiwan reminds taxpayers of Master File, CbC report submission deadlines
Taiwan's Ministry of Finance has issued a reminder to taxpayers about the approaching deadline for submitting the Master File and CbC Report for 2023 on 4 December 2024. The Ministry of Finance states that in order to strengthen tax information
Read MoreTaiwan publishes guidance on reclassifying expired claims as income
Taiwan's Ministry of Finance has released a notice offering guidance on how to handle accrued expenses that surpass the statute of limitations for unpaid claims 27 November 2024. The National Taxation Bureau of Taipei, Ministry of Finance, stated
Read MoreTaiwan: Ministry of Finance announces withholding tax system optimisations, effective 1 January 2025
To optimise Taiwan’s income tax withholding system and protect the rights and interests of taxpayers, amendments to the Income Tax Act, announced on 7 August 2024, will be promulgated on 1 January 2025, as approved by the Executive Yuan. The
Read MoreTaiwan: Instalment payment for overdue tax cases under enforcement
Taiwan's Ministry of Finance has issued a notice regarding the option of instalment payments for overdue tax cases that have been referred for enforcement on 20 November 2024. The National Taxation Bureau of Taipei, Ministry of Finance, stated
Read MoreTaiwan: Ministry of Finance issues guidelines for businesses changing to a special fiscal year
Taiwan's Ministry of Finance has released a notice outlining the requirements for businesses transitioning from a calendar year to a special fiscal year, including stipulations for tax returns and retained earnings on 12 November 2024. The
Read More