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Taiwan Notes Amendments to Application Period for Deemed Taxable Income

21 July 2023

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance (MOF) has issued a notice on amendments to the application period for deemed taxable income of non-residents. --- Ministry of Finance Announces Amendments to "Examination Principles of a Foreign Profit-Seeking Enterprise's Application for Applying the Provisions of Paragraph 1, Article 25 of the Income Tax Act to Calculate Income" and Extends the Application Period According to the National Taxation Bureau of Kaohsiung, Ministry of Finance, if a foreign profit-seeking enterprise engaging in international transportation, contract construction, technical services, or leasing of machinery and equipment within the territory of our country has difficulties in allocating costs and...