Taiwan's Ministry of Finance has issued a notice on optimizations to the withholding tax system that will take effect on 1 January 2025. --- The optimized income tax withholding system will take effect on January 1, 2025 To optimize the income tax withholding system and protect the rights and interests of taxpayers, amendments to the Income Tax Act, announced on August 7, 2024, will be promulgated on January 1, 2025, as approved by the Executive Yuan. The National Taxation Bureau of Kaohsiung, Ministry of Finance, has highlighted three aspects of this optimization of the income tax withholding system as follows:...