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Taiwan Issues Reminder on Extended Income Tax Incentive for Foreign Special Professionals

10 January 2023

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued a reminder on the income tax incentive for foreign Special professionals, including that the incentive was extended from up to three years to up to five years. The incentive was introduced to attract foreign professionals to work in Taiwan and provides for a 50% reduction in the amount of taxable income exceeding TWD 3 million for up to five years in Taiwan. --- Tax Incentives for Foreign Special Professionals Minxiong Office, National Taxation Bureau of the Southern Area, Ministry of Finance stated that in order to strengthen the incentives for recruiting foreign special professionals,...