Taiwan–MNE Tax

Asia-Pacific

Taiwan highlights changes in new tax treaty protocol with UK

January 18, 2022

Taiwan’s Ministry of Finance on January 18 explained the changes in the new amending protocol to the UK-Taiwan tax treaty, which took effect on January 1 after entering into force on . . .

Asia-Pacific

Taiwan tax agency states that foreign businesses’ fixed places of business in Taiwan that sell services to domestic business entities must issue uniform invoices and file and pay business taxes: R.O.C. Ministry of Finance→

December 21, 2021

Asia-Pacific

Taiwan signs tax treaty with South Korea, seeks trade agreements with India and Australia: Lin Chia-nan / Taipei Times→

December 2, 2021

Asia-Pacific

Taiwan–Saudi Arabia tax treaty enters into force

November 18, 2021

The tax treaty signed by the governments of Taiwan and Saudi Arabia in December 2020 entered into force on November 1, following the necessary exchange of diplomatic notes, according to a November 18 announcement from . . .

Asia-Pacific

Taiwan tax agency clarifies R&D tax credit eligible expenses

November 11, 2021

Taiwan’s National Taxation Bureau on November 11 stated that not all expenditures resulting from research and development (R&D) departments can be declared for tax credits even when . . .

Asia-Pacific

Taiwan reminds multinational group affiliates of transfer pricing filing obligations

November 9, 2021

In a November 9 release, the National Tax Bureau of the Republic of China (Taiwan) states that Taiwan-based constituent entities of multinational groups meeting the relevant threshold must submit the master file or country-by-country report within . . .

Asia-Pacific

UK–Taiwan tax treaty protocol signed

September 13, 2021

On September 13, the UK government published an amending protocol to the tax treaty between the UK and Taiwan, which would amend the . . .

Asia-Pacific

Taiwan tax agency advises on trading gains from foreign exchange options

August 31, 2021

An August 31 statement from Taiwan’s Ministry of Finance states that companies with trading gains from trading foreign exchange options must include those gains in taxable income, explaining that companies . . .

Asia-Pacific

Taiwan amends tax treaty rules on residency, permanent establishment, treaty abuse

August 12, 2021

On August 12, Taiwan’s Ministry of Finance promulgated amendments to the regulations governing the application of double tax treaties to update the decade-old rules for developments in international tax trends and conventions, improve administrability, and . . .

Asia-Pacific

Taiwan Ministry of Finance reminds businesses claiming foreign tax credits to ensure foreign tax liability should not have been reduced or exempted under applicable tax treaty: R.O.C. Ministry of Finance→

July 7, 2021

Asia-Pacific

Taiwan transfer pricing decree on bilateral APAs takes sensible approach

June 28, 2021

New York City Economist Dr. J. Harold McClure discusses Taiwan’s June 24 decree on negotiating and implementing bilateral APAs, stating that it shows a sensible and flexible approach . . .

Africa

Irish tax treaty commentators disagree on approach to new negotiations

June 23, 2021

Comments from business groups and non-governmental organizations, published June 21, in response to Ireland’s public consultation on its tax treaty policy identified several jurisdictions where . . .

Asia-Pacific

Taiwan imposes late filing penalties on foreign businesses selling electronic services

May 26, 2021

Foreign businesses selling cross-border electronic services to individuals in the Republic of China (Taiwan) that fail to timely file required income tax returns for 2020 by June 30 will be subject to . . .

Asia-Pacific

Taiwan offers tax “rewards” for businesses filing account documents electronically

May 11, 2021

Profit-seeking enterprises in the Republic of China (Taiwan) can receive “rewards” for providing all account books and documents electronically using the internet or multimedia, according to a May 6 announcement . . .

Asia-Pacific

Taiwan stipulates filing requirement for foreign businesses selling electronic services

May 4, 2021

Certain foreign businesses earning income from cross-border electronic services sold to individuals in the Republic of China (Taiwan) must file income tax returns for 2020 through the online “eTax Portal” . . .

Asia-Pacific

Taiwan advises sellers of digital goods and services to apply for tax registration

March 30, 2021

Individuals who use online platforms or social media software to sell goods or services for profit must apply for tax registration. Taiwan’s National Taxation Bureau of Kaohsiung, Ministry of Finance, said on March 26. . .

Asia-Pacific

Taiwan to impose new taxes on ecommerce

February 26, 2021

Offshore e-commerce suppliers that sell cross-border electronic services to individuals in the Republic of China (Taiwan) and have annual sales . . .

Asia-Pacific

Taiwan amends transfer pricing guidance for intangible transactions

February 16, 2021

Yuanchang, Toby, SU, General Manager, Fu Ten TP Consulting, Taiwan, discusses the final version of Taiwan transfer pricing regulations, released last year . . .

Asia-Pacific

Taiwan offers foreign businesses advance rulings on tax liability

January 4, 2021

Taiwan’s tax authority on January 4 announced that foreign businesses that do not have a . . .

Asia-Pacific

Taiwan clarifies APA request procedures when taxpayer changes its business address after application submitted: Taiwan Ministry of Finance→

November 30, 2020

Asia-Pacific

Offshore e-commerce suppliers of electronic services to Taiwan with annual sales over TWD 480,000 (USD 16,557) must register, tax office says: National Taxation Bureau of Taipei→

September 21, 2020

Asia-Pacific

Taiwan outlines procedure for obtaining tax treaty benefits, notes entry into effect of Czech-Taiwan tax treaty: Taiwan Ministry of Finance→

August 12, 2020

Asia-Pacific

Taiwan changes monetary thresholds for country-by-country reporting: Deloitte→

January 6, 2020

Asia-Pacific

Taiwan issues guidance clarifying “beneficial ownership” for tax treaty purposes: EY→

July 1, 2019

Americas

Taiwan, US sign Model 2 FATCA IGA

January 3, 2017

Taiwan and the US signed a Model 2 FATCA intergovernmental agreement (IGA), according to an update on the US Treasury . . .

Asia-Pacific

Taiwan to extend VAT to foreign suppliers of e-commerce services: EY→

March 31, 2017

See: EY.

Asia-Pacific

Taiwan proposes controlled foreign company rule amendments: EY→

June 28, 2017

Asia-Pacific

Taiwan proposes 3-tiered transfer pricing documentation rules: PWC→

September 11, 2017

Asia-Pacific

Taiwan ruling details tax on cross-border e-commerce: EY→

May 5, 2017

Asia-Pacific

Taiwan offers VAT refund to some foreign enterprises without fixed place of business

March 14, 2017

Taiwan’s taxation office announced Monday that foreign enterprises and other entities from specified countries that have no fixed place of business in Taiwan but engage in. . .

Asia-Pacific

Taiwan clarifies transfer pricing documentation rules for companies that undergo merger, acquisition, accounting change

April 3, 2018

Taiwan’s government on April 1 clarified how multinational enterprises should compute transfer pricing documentation thresholds when they operate in Taiwan for less than a full year due to merger, acquisition, or change to fiscal year-end. The National Taxation . . .

Asia-Pacific

Taiwan to levy corporate tax on foreign digital companies beginning in May: Kuo Chia-erh / Taipei Times→

January 2, 2018

Asia-Pacific

Taiwan tax reform proposal would increase corporate, dividend withholding tax rates: Deloitte→

September 7, 2017

Asia-Pacific

Taiwan adopts VAT on cross-border electronic services

December 21, 2016

Taiwan’s Ministry of Finance (MOF) has announced that on December 9 the Legislative Yuan passed a law imposing VAT on supplies of cross-border electronic services made to . . .

Asia-Pacific

Taiwan law imposing VAT on foreign online sales to consumers passes legislative hurdle

September 27, 2016

Taiwan’s Ministry of Finance (MOF) has announced that on September 22 the executive branch, or Executive Yuan, has passed a proposed law imposing VAT on supplies of cross-border electronic . . .

Americas

Canada and Taiwan sign tax agreement, text available

January 18, 2016

Taiwan and Canada have signed an arrangement to avoid double taxation, Canada’s Department of Finance announced today. The . . .

Asia-Pacific

Taiwan advises foreign profit seeking enterprises to pay tax on Taiwan source income

December 31, 2015

Taiwan’s National Taxation Bureau of Taipei, Ministry of Finance (NTBT), in a notice dated December 28, reminded foreign business entities that they must pay the profit-seeking enterprise income tax according . . .

Asia-Pacific

Taiwan’s tax authority advises on new law that limits tax credits for dividend payments

January 5, 2015

The National Taxation Bureau of Taipei, Ministry of Finance (NTBT) on December 31 issued English-language guidance on a new law which reduces by half the tax credits available when dividends are paid to foreign or domestic taxpayers. The new law, passed by the
. . .

Asia-Pacific

Taiwan transfer pricing update includes new rules for business restructuring

March 20, 2015

Taiwan’s Ministry of Finance has announced it will modify transfer pricing rules for business restructuring, the profit split method, and reporting for companies merged or dissolved, writes PwC in a March 19 report. Amendments also revise advance pricing agreement requirements and introduce reverse calculation of revenue using the profit standard of the same trade. See, PwC.

Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024

Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024

David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023

Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023

Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

May 19 – 20	Tax Council Policy Institute Conference	Washington, D.C.
May 19 – 20	IFA Second European Region Conference	Milan, Italy
May 24	IFA Webinar Series Pillar Two: An Update	Virtual Event
Sept. 4 – 8	IFA Congress	Berlin