On 15 May 2019, Taiwan's National Taxation Bureau of the Northern Area issued a release to remind businesses of optimized tax regulations. --- Businesses should note new tax optimization regulations The National Taxation Bureau of the Northern Area (NTBNA), MOF, indicated that for the purpose of establishing a fair, reasonable, and competitive income tax system which is in line with international trends, the Income Tax Act was amended on February 7, 2018. Amendments related to profit-seeking enterprise income tax are explained as follows: 1. Abolish partial integrated income tax system In order to simplify the tax system and comply with...