Taiwan's Ministry of Finance has issued new rules for the taxation of non-residents without a permanent establishment in Taiwan, which are effective from 26 September 2019. The rules provide that non-residents may apply with the Taiwan tax authority for pre-approval of a deemed net profit ratio and a domestic profit contribution ratio for the taxation of income payments from Taiwan. If approved, tax may be withheld by the withholding agent by applying the net profit ratio and contribution ratio instead of withholding tax on the gross amount. For the net profit ratio, there are three main options under the new...