Taiwan's Ministry of Finance recently issued two notices summarizing the enforcement of the controlled foreign company (CFC) rules for enterprises and individuals from 2023. --- Summary of the CFC Rules Enforced from the Taxable Year 2023 for Enterprises The National Taxation Bureau of the Southern Area, Ministry of Finance (hereinafter "the Bureau"), indicated that to prevent any multinational enterprise from establishing a controlled foreign company (CFC) in a low-tax burden jurisdiction to retain earnings in the CFC for avoiding tax obligation in the R.O.C., the added Article 43-3 of the Income Tax Act was promulgated to formulate the CFC rules...