Recently, the Ministry of Finance of Taiwan provides an exemption on provisional income tax payments for the period January to June 2022. The exemption is provided for provisional income tax returns in September 2022 for companies affected by the COVID-19 pandemic.
The eligible companies must apply to the tax authority by 30 September 2022 after meeting the following conditions:
- Companies must qualify measures with the Special Regulations on Relief and Revitalization provided by central competent authorities; and
- Companies have experienced in reduction of revenue by 15% in one month or monthly average revenue of two consecutive months by 15% due to the COVID-19 pandemic.
