Taiwan's Ministry of Finance has issued a notice on claiming entertainment expenses and the extra expense allowed for exporters. --- Profit-seeking Enterprises Declaring a Special Social Entertainment Expense for Export Trade Shall Earn the Foreign Exchange Receipts. The National Taxation Bureau of the Southern Area (hereinafter "NTBSA"), Ministry of Finance, indicated that the social entertainment expenses used to expand business for which positive evidence of payment has been received may be listed as expenses within the limit by different ratios according to the various transaction amount when filing the profit-seeking enterprise income tax return. In addition, for the purpose of...