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Taiwan Provides Guidance on Application of Business Tax Laws and Regulations When Donating Goods

04 October 2024

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued a notice providing guidance on the application of the relevant business tax laws and regulations when donating goods to government agencies or charitable organizations. --- Business entities donating goods for charity should pay attention to the relevant business tax laws and regulations. According to the National Taxation Bureau of Kaohsiung, Ministry of Finance, business entities donating goods to government agencies or charitable organizations should pay attention to the fact that depending on who they are donating to, the relevant business tax laws and regulations shall be applied differently, so as not to be penalized...