Taiwan Providing Profit Rate Reduction for Certain Companies Impacted by COVID-19
Taiwan's Ministry of Finance issued a Chinese-language release on 26 January 2021 announcing a net profit rate reduction for companies impacted by the COVID-19 pandemic that experienced a reduction in net operating income of at least 30% in 2020 as compared to 2019. This includes that for qualifying companies, the applicable net profit rate will be 80% of the standard profit rate for the respe…
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