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Taiwan Provides that Contributions/Donations to Non-Departmental Public Bodies are Fully Deductible

25 July 2018

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued Order No. 10700556910, dated 20 June 2018, which provides that contributions/donations made to non-departmental public bodies are fully deductible. Non-departmental public bodies are legal persons established by the government to carry out certain public projects but are not considered government agencies. As explained in a separate release, because contributions/donations to such public bodies support budget shortfalls and functions that benefit society, they should be eligible for the same benefit (deduction) as contributions/donations to the government. Such contributions/donations may be claimed in full as a deduction for individual income tax purpose and claimed in full...