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

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 to Taiwan’s tax laws.

The NTBT said that during a recent audit, the NTBT determined that a foreign enterprise should have reported remunerations of more than NTD 2.6 billion (USD 79 million) for financial services rendered in Taiwan from 2008 to 2013. The remuneration was paid abroad in exchange for financial services rendered to another foreign enterprise within the territory of the ROC, the NTBT said.

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