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Hall Chadwick Taiwan has always adhered to the values of care, professionalism, and integrity, providing every client with the most thoughtful and high-quality services. We aim to become a bridge between Taiwanese enterprises and the international market, helping more Taiwanese stories reach the world while bringing more international opportunities back to Taiwan...
From Carbon Footprint to Asset Impairment: How Finance Teams Can Use IFRS S2 for Climate Risk Early Warning
With the official release of IFRS S2 “Climate-related Disclosures,” companies are no longer just expected to report on ESG initiatives—they are now required to specifically disclose the impacts of climate change on their financial statements.
Two key disclosure obligations closely tied to finance and accounting teams are: the impact of climate risk scenarios on asset impairments, and the integration of carbon costs and policy risk factors into cash flow forecasts. However, many companies have yet to realize that conducting this level of financial risk analysis hinges on having institutionalized carbon footprint data. Without credible emissions data and climate parameters, it becomes impossible to build impairment models or support the disclosures in financial statement notes, ultimately leading to trust risks and audit challenges.
The Diminishing Allure of Japanese Employers in Taiwan
As the role of Japanese companies in Taiwan shifts—from traditionally being offshore manufacturing hubs to evolving into service-oriented, market-driven, and regional operational centers—their talent strategies are now facing structural challenges. In recent years, the attractiveness of Japanese firms to Taiwanese talent has gradually declined, not merely due to decreasing salary competitiveness, but also because their organizational culture and governance models have lagged behind the pace of change in Taiwan’s workplace environment.
From Trump’s Withdrawal from the Paris Agreement: How Financial and Accounting Systems Can Anticipate “Disclosure Risks” and “Compliance Costs”
On January 20, 2025, U.S. President Trump announced the country’s renewed withdrawal from the Paris Agreement. This declaration has once again heightened international sensitivities around climate commitments and disclosure policies. What companies now face is not just shifting international policies, but the real risk of fragmentation in ESG disclosure logic and standards.
While the EU continues to tighten disclosure requirements, the U.S. may move in the opposite direction, easing regulations. Without stable internal systems, companies will struggle to cope with these external shifts.
In this climate of global disclosure uncertainty, what companies need most is not more reporting templates, but a proactive early warning mechanism and a solid institutional foundation led by the finance and accounting teams.
“Did I Overstep? No Reply Means No?” — Understanding the Unspoken Rules of Communication in Japanese Workplaces
Do you truly understand what it means when someone says, “We’ll think about it”? “How do you feel about this proposal?” — “Hmm... Let me consider it.” You leave the meeting full of hope, only to hear nothing for a week, then two. What does that silence re
How Should Companies Build ESG Internal Controls? A Three-Line Defense Starting with Finance & Accounting
As sustainability disclosure regulations become increasingly stringent, ESG reporting is no longer “just about writing a good report.” It has evolved into a critical foundation for corporate integrity and risk management. In Taiwan, both the Financial Supervisory Commission (FSC) and the Taiwan Stock Exchange Corporation（TWSE) have recently made it clear that companies are expected to establish internal control mechanisms for sustainability information—to ensure accuracy and consistency in ESG disclosures.
However, in practice, many companies still struggle with one key question: Where do we begin when building an effective ESG internal control system?
Differences in Organizational Hierarchies: A Comparative Look at Taiwan and Japan – From Flat Structures to Deep Hierarchies
When Taiwanese companies engage in cross-border collaboration with their Japanese counterparts, they often encounter a puzzling situation: “For the same matter, why do Japanese companies require so many layers of reporting and multiple approvals?” In this
Earth Day Special: How ESG Disclosures Help Companies Uncover Hidden Risks
April 22 marks Earth Day—a moment when businesses and society take a step back to reflect on their sustainability efforts. As we’re reminded of the urgency of climate and environmental issues, companies should also ask themselves: Is ESG disclosure merely a compliance checkbox, or a strategic tool to safeguard long-term resilience?
According to Taiwan’s Financial Supervisory Commission’s 2023 “Sustainable Development Roadmap for Listed Companies 2.0” and the IFRS S2 climate-related disclosures standards taking effect in 2024, ESG reporting is no longer just about brand image or regulatory obligations. It is fast becoming a core component of a company’s risk management system.In this article, we’ll explore how ESG disclosures help companies identify emerging risks early on—shifting the mindset from passive compliance to proactive control.
From Honorifics to Decision-Making: How Taiwanese Companies Adapt to Japanese Business Culture
As economic ties between Taiwan and Japan continue to deepen, an increasing number of Taiwanese companies are entering the Japanese market in search of new growth and transformation opportunities.
Filing and Paying Income Tax Returns Is Stress-free – Interest-Free Extensions and Installment Options Are Available
In response to the impact of the United States’“Reciprocal Tariffs” policy on various industries, the National Taxation Bureau of Kaohsiung （hereinafter referred to as “the Bureau”) announces that taxpayers who are unable to pay the full amount of tax in a single payment during the income tax return filing period（May 1 to June 30, 2025） may apply to the tax collection authority for an interest-free extension or installment plan.
Notes on the 2024 Alien Individual Income Tax Return
According to the National Taxation Bureau of Taipei, Ministry of Finance, the filing season for the 2024 Alien Individual Income Tax Return will begin on May 1, 2025. The Bureau advises all foreign taxpayers to prepare the necessary documentation to ensure timely compliance with their tax obligations.
Foreign Specialist Professionals Seeking Tax Incentives Must Apply for Foreign Special Professional Personnel Employment Work Permits or Employment Gold Cards Upon Starting Employment in Taiwan!
The National Taxation Bureau of Taipei, Ministry of Finance states that to enhance Taiwan's competitiveness in the global talent market and continue attracting foreign specialist professionals to contribute to Taiwan's development, Article 20 of the Act for the Recruitment and Employment of Foreign Professionals stipulates that if foreign specialist professionals required by various fields in Taiwan, as announced by the central competent authorities (hereinafter referred to as “foreign specialist professionals”), meet certain conditions and are approved to come to work in Taiwan for the first time, then for five years counting from the tax year in which they first meet the conditions of residing in Taiwan for 183 full days of the year and having a salary income of more than 3 million NT dollars, half of the part of their salary income above 3 million NT dollars will be excluded from the assessment of individual income tax.
The payment period of the house tax in 2025 is from May 1, 2025 to June 2, 2025
The Taxation Administration has announced that the statutory payment period for the house tax in 2025 is from May 1, 2025 to May 31, 2025, and the deadline shall be extended to June 2 due to the last day of the payment period falling on a holiday. Taxpayers are reminded to complete payment within the given timeframe.
