author_orbitax
Orbitax

Share This Article

Taiwan Issues Reminder on Foreign Tax Credits Under a Tax Treaty

12 July 2021

|

Approved Changes

|

Taiwan

Taiwan's Ministry of Finance has issued a notice to remind taxpayers that obtain foreign income to check whether the income is subject to the provisions of a tax treaty when filing tax returns and claiming a foreign tax credit. --- A Reminder for Foreign Tax Credit under the Relevant Provisions of the Tax Treaty. The National Taxation Bureau of the Southern Area, Ministry of Finance expressed that any profit-seeking enterprise having its head office within the territory of the Republic of China (hereinafter "R.O.C."), who obtained income derived outside of the territory of the R.O.C. and was levied tax according...