Taiwan's Ministry of Finance has issued a release announcing 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. The CFC rules were incorporated into the Income Tax Act in 2016 and the Ministry had earlier indicated that it would be implementing the rules but, until now, had not set the effective date. According to the release, the effective date has been set considering the international agreement for the global minimum tax under Pillar 2 of the OECD's two-pillar solution to address the tax challenges arising...