Taiwan's Ministry of Finance has issued a notice providing guidance on claiming foreign tax credits. --- Three Items of Note for Profit-seeking Enterprises Claiming Foreign Tax Credit With the globalization of the economy, it has become more common for domestic profit-seeking enterprises to earn overseas income. According to Paragraph 2, Article 3 of the Income Tax Act, for any profit-seeking enterprise having its head office within the territory of the Republic of China (hereinafter "the R.O.C."), profit-seeking enterprise income tax shall be levied on its total profit-seeking enterprise income derived within or without the territory of the R.O.C. If income...