author_orbitax
Orbitax

Share This Article

Taiwan Notice on Taxation of Whistleblower Rewards Granted by Tax Authority

05 October 2023

|

Approved Changes

|

Taiwan

Taiwan's Ministry of Finance has issued a notice on the taxation of whistleblower rewards granted by the tax authority. --- Shall a whistle-blower reward granted by the tax authority be added to the gross consolidated income of an individual when declaring his/her income tax for the current year? The National Taxation Bureau of the Central Area, Ministry of Finance (NTBCA) indicated that some people recently inquired whether a whistle-blower reward granted by the tax authority shall be added to the gross consolidated income when declaring his/her annual income tax. The Bureau stated that according to the Income Tax Act and...