Taiwan's Ministry of Finance has issued a notice clarifying the supporting documentation requirements for profit-seeking enterprises when paying foreign commissions. --- Supporting Documents are Required when Paying Foreign Commissions in NTD in Taiwan National Taxation Bureau of Taipei, Ministry of Finance (hereinafter referred to as the Bureau) stated that relevant documents, such as contracts signed by both parties, facts of intermediation, proof of foreign exchange settlements and bank remittance, etc. should be provided when a profit-seeking enterprise declares commissions to foreign agents or distributors. If the foreign commissions are paid in New Taiwan Dollar in Taiwan, receipts issued by the...