On 15 August 2019, Taiwan’s Ministry of Finance (MOF) has approved regulations on repatriation, use and taxation of offshore installations in order to guide China’s personal and for profit business funds to return to Taiwan to invest in physical industries and financial markets, to strengthen the domestic economy and increase employment opportunities.
Furthermore, if the investment is completed within 2 years (extendable for another 2 years) and the holding period is more than 4 years, the special rates are further reduced by 50% (4% and 5% for the first and second year, respectively).
The regulation is effective from 15 August 2019 and implemented from that date.
