Taiwan's Ministry of Finance has issued a release confirming that penalties stipulated in various tax acts and regulations are not claimable as expenses or losses. --- Delinquent Payments, Surcharges of Delinquent Reporting, Surcharges of Non-Reporting and Penalties Shall Not Be Claimed as Taxable Expenses or Losses National Taxation Bureau of Northern Area (NTBNA), Ministry of Finance stated that delinquent payments, surcharges of delinquent reporting, as well as surcharges of non-reporting paid by profit-seeking enterprises, which are stipulated in various tax acts and penalties as provided in various regulations, shall not be allowed to be claimed as expenses or losses in...