Entitlement of FII to treaty benefits scrutinized
The Taiwanese Ministry of Finance is reported to have issued a Ruling (No. 9604514330) regarding the application of the benefits of a tax treaty/arrangement to a Foreign Institutional Investor (FII).
According to the Ruling, an FII needs the local tax authority's prior approval before applying the reduced withholding tax (for instance on dividends) rate provided u…
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