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Taiwan Publishes Notice on the Application of Income Tax Agreements for Foreign-Source Income.

18 November 2021

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has published a notice on the application of income tax agreements for foreign-source income. --- Profit-Seeking Enterprises Obtaining Foreign-Source Income Should Note Whether There Are Applicable Income Tax Agreements The National Taxation Bureau of Taipei, Ministry of Finance (hereinafter referred to as the "NTBT") stated that, to create a friendly income tax environment for foreign investment in Taiwan and to strengthen the international competitiveness of enterprises, 33 comprehensive income tax agreements have been signed and brought into force so far. If a profit-seeking enterprise receives income derived from a country which has signed an income tax...