On 31 December 2014, the National Taxation Bureau of Taipei, Ministry of Finance issued a press release on the impact of the implementation of the amendment to the Income tax Act concerning the imputation tax credit for dividends. The amendment was made by Legislative Yuan on 16 May 2014, and changes the imputation credit available for individual shareholders from a full credit to a 50% credit. As a result of the change, Taiwan resident shareholders receiving dividends from a Taiwan resident company may only claim 50% of the corporate tax paid by the company (the imputation credit) from their individual...