Taiwan's Ministry of Finance has issued a notice clarifying that the profit or loss of an enterprise in connection with a contracted project must be recognized at the time of completion (i.e., in the year of completion). The completion date is when the project is actually completed and delivered to the proprietor. If this date cannot be verified, in the case of a building construction project, the completion date is the date of the usage license issued by the competent authority. For non-building projects, the completion date is the date on which the project is accepted by the proprietor. To...