Taiwan's Ministry of Finance Provides Guidance on Reduction of Interest Expense When Borrowing Funds and Lending to Others with Low or No Interest
Taiwan's Ministry of Finance has issued a notice explaining that when a company incurs interest expense on borrowed funds while also providing a low or no interest loan, the deductible interest expense must be reduced.
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If a company borrows funds and lends them to others without charging interest or charging low interest, the interest expense should be reduced.
The National Taxation Bur…
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