Taiwan's Ministry of Finance has issued a notice on the requirement to submit Non-Withholding Tax Statements in respect of payments made that are exempt from withholding. --- Income not subject to tax withholding must also be reported to the National Taxation Bureau to avoid penalties! The tax withholding system aims to supervise and urge tax withholders to fulfill their duty to act, including withholding/paying tax payables, as well as filing withholding tax statements, to facilitate the National Taxation Bureau's management of taxation data. Articles 111, 111-1, and 114 of the Income Tax Act therefore specify that those who violate tax...