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.