Taiwan's Ministry of Finance issued an English-language release on 16 March confirming that the country's CFC rules will be implemented with effect from the 2023 tax year for companies and from 1 January 2023 for individuals. --- CFC rule shall be enforced from the 2023 taxable year for enterprises and January 1, 2023 for individuals. To prevent any multinational enterprise or individual from establishing a controlled foreign company (CFC) in a low-tax jurisdiction to retain earnings in the CFC for tax avoidance, Article 43-3 of the Income Tax Act and Article 12-1 of the Income Basic Tax Act were promulgated...