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Taiwan Providing Tax Payment Extension Relief for COVID-19

27 March 2020

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has announced tax payment extension relief for taxpayers that are unable to meet their tax obligations due to COVID-19. The release notes that although there are provisions in place to support extensions due to natural disasters, accidents, force majeure, etc., these provisions are not meeting the actual needs resulting from COVID-19. As such, requests for extension shall not be limited by existing provisions, with relevant tax collection agency authorized to review extension request and grant extensions for a maximum period of 1 year or over 3 years in up to 36 payment installments. The extensions are...