Taiwan's Ministry of Finance has announced the approval of the Regulations for Management and Taxation of Offshore Fund Repatriation, which provides tax incentives designed to encourage the repatriation of offshore funds by both individuals and entities. This includes a special reduced tax rate of 8% on repatriated funds where the repatriation application is made by 14 August 2020, and a 10% rate where the repatriation application is made between 15 August 2020 and 14 August 2021. To be eligible, at least 70% of repatriated funds must be used for tangible local investment in approved industries, while up to 25% may...