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Taiwan Issues Release on Collateral to Lift Travel Restriction for Outstanding Tax Arrears

12 December 2019

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Approved Changes

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Taiwan

Taiwan's National Taxation Bureau of Taipei has issued a release concerning the return of collateral provided as security provided by taxpayers with outstanding tax arrears to lift a travel restriction on exiting Taiwan, including for persons responsible for a profit-seeking enterprise. --- Collateral Provided as Security to Lift Exit Restriction Cannot Be Returned to Taxpayer with Outstanding Tax Arrears The National Taxation Bureau of Taipei (hereinafter referred to as NTBT), Ministry of Finance (hereinafter referred to as the MOF) stated that, restriction on leaving the Republic of China (hereinafter referred to as R.O.C.) associated with tax arrears will be lifted...