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Taiwan Clarifies Requirements to Claim Expense or Loss in Case of Theft

23 June 2021

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued a notice that clarifies the certification document requirements for claiming an expense or loss in case of theft. --- Profit-seeking enterprises shall obtain the certification documents required by the tax law in case of loss from theft National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance, stated that in cases where profit-seeking enterprises incur losses due to theft that cannot be recovered, the portion which is not covered by insurance compensation can be determined and verified with the submission of a list of items lost and documentation certified by the police, in...