Taiwan is scheduling to modify its tax collection law to accommodate the exchange of tax information with other countries or jurisdictions (i.e. United States and China (People’s Rep.). Accordance with a spokesman of the Ministry of Finance (MoF), a proposal to revise the act will be presented by the MoF to the Cabinet for review in 2 weeks. Taiwan has signed 32 tax agreements with other countries and jurisdictions that include a provision on exchange of information but still does not have an applicable tax agreement with China (People’s Rep.) and the United States.
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