On 10 November 2023, Taiwan’s Ministry of Finance (MOF) issued a press release as a reminder to the taxpayers to submit master file and country-by-country (CbC) report.
The profit-seeking enterprises that meet the conditions and use the calendar year as their fiscal year shall submit Master Files and CbC reports for fiscal year 2022 by 31st December 2023. Failure to comply with the filing requirements means that the company will be liable to penalties between NTD 3,000 to NTD 30,000.
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