Taiwan's Ministry of Finance has issued a notice on applications by foreign enterprises for the adoption of the net profit ratio and onshore profit contribution ratio for the calculation of taxable income. --- Foreign Profit-seeking Enterprises May Apply for Assessment Permission of Applicable Net Profit Ratio and Onshore Profit Contribution Ratio in Advance for Calculation of R.O.C.-Sourced Income The National Taxation Bureau of the Southern Area, Ministry of Finance indicated that a foreign profit-seeking enterprise having neither a fixed place of business nor a business agent in the Republic of China (hereinafter "R.O.C.") may apply for the adoption of net...