Taiwan's Ministry of Finance has issued guidance on the need for individuals to declare overseas income for income basic tax purposes. The income basic tax is essentially an alternative minimum tax levied at a rate of 20% for individuals (12% for enterprises). --- When Investing in Overseas Financial Products, Remember to Declare Basic Income Amount as Required by Law When taxpayers file their individual income tax returns, if the total overseas income (including income from sources outside the Republic of China and income from Hong Kong and Macau sources) received by all members of the same tax filing unit reaches...