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Taiwan Executive Yuan Approves Draft Tax Reform

18 October 2017

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Proposed Changes

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Taiwan

According to a 12 October 2017 release from the Taiwan Ministry of Finance, Taiwan's Executive Yuan has approved the country's draft tax reform. The reform includes measures to reduce the tax burden for individual taxpayers and SMEs, and to establish a more competitive investment income tax system, which will include the replacement of the current imputation tax system ({News-2017-09-07/P/3-previous coverage}). The draft measures approved are generally unchanged from the initial proposal. With respect to the taxation of individual dividend income, the Executive Yuan has chosen to go with the option which provides that taxpayers may choose to include all dividend...