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Taiwan Notice on Relaxed Taxation Rules for CFC Profits from Invested Enterprises in Non-Low-Tax Jurisdictions Recognized Under the Equity Method

08 May 2024

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Approved Changes

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Taiwan

The Taiwan Ministry of Finance has issued a notice on relaxed taxation rules for CFC profits from invested enterprises in non-low-tax jurisdictions recognized under the equity method. --- Relaxation of taxation rules for CFCs' profits from invested enterprises in non-low-tax jurisdictions recognized under the equity method The Controlled Foreign Company (CFC) system was officially launched in 2023. To facilitate the promotion of the CFC system, the Ministry of Finance has referred to outside opinions to amend the "Regulations Governing Application of Recognizing Income from Controlled Foreign Company for Profit-Seeking Enterprise" (hereinafter referred to as the CFC Regulations) on December 21....