author_orbitax
Orbitax

Share This Article

Taiwan Clarifies Collateral Provided to Lift Travel Restrictions for Outstanding Tax Debts Will Not be Returned Until the Taxes Are Paid

08 August 2024

|

Approved Changes

|

Taiwan

Taiwan's Ministry of Finance has issued a notice clarifying that when collateral is provided to lift travel (exit) restrictions in the case of outstanding tax debts, the collateral will not be returned until the taxes are paid. --- Collateral Provided for Lifting Exit Restrictions Cannot Be Returned Until Tax Arrears Are Paid The National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance, states that if taxpayers or profit-making enterprises provide adequate collateral and the tax authority lifts the exit restrictions, to ensure the protection of tax claims, the collateral cannot be returned until the tax arrears and fines...