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Update - Taiwan Clarifies Tax Payment Extension Relief for COVID-19

20 April 2020

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has published an English-language release clarifying the tax payment extension relief being provided for taxpayers that are unable to meet their tax obligations due to COVID-19. --- Taxpayers affected by the severe special infectious pneumonia (COVID-19) epidemic can apply for the deferred tax payments or for payments by installments. The amount of tax payable is not limited, and can be deferred for a maximum of 1 year or be paid in 3-year installments (36 installments). The National Taxation Bureau of the Northern Area, Ministry of Finance (NTBNA) states that within the period of the implementation of...