Taiwan's Ministry of Finance has issued a notice on the new income tax treaty with South Korea that entered into force on 27 December 2023 and applies from 1 January 2024. --- South Korean profit-seeking enterprises earning business profits within Taiwan's territory may apply for income tax exemption under an Agreement for the Avoidance of Double Taxation starting January 1, 2024 The National Taxation Bureau of the Central Area, Ministry of Finance (hereinafter referred to as the NTBCA) expressed that to avoid double taxation, Taiwan actively engages in signing comprehensive avoidance of double taxation agreements (hereinafter referred to as the...