Taiwan's Ministry of Finance has issued a release providing guidance on the recognition of foreign currency exchange gains and losses. --- Recognition Regulations for Foreign Currency Exchange Gains and Losses of Profit-seeking Enterprises The National Taxation Bureau of the Northern Area (NTBNA), MOF, stated that if the transaction engaged in by a profit-seeking enterprise involves foreign currency, and the receipt and payment are made through the company's foreign exchange deposit account, when the account is withdrawn or canceled and converted into NT dollars, according with Paragraph 1, Article 29 and Paragraph 1, Article 98 of the Regulations Governing Assessment of...