News

The National Taxation Bureau of Taipei, Ministry of Finance, stated that investment losses incurred by profit-seeking enterprises from the bankruptcies of invested businesses should be recognized on the date of the court’s bankruptcy adjudication...

The National Taxation Bureau of Taipei, Ministry of Finance stated that business entities undertaking construction projects shall issue uniform invoices, file, and pay business tax based on the project payments. They cannot exempt themselves from issuing uniform invoices by using project payments to settle overdue fines...

The amended income tax withholding rules come into force on January 1, 2025. In the new system, the tax withholder for the payment of income has been amended to be the enterprise or organization itself starting from January 1, 2025 onwards. However, for payment of income no later than December 31, 2024, the original withholding rules shall apply, which indicates the tax withholder is the manager of the withholding agency or the person-in-charge of the enterprise. ..

Miaoli Branch, National Taxation Bureau of the Central Area, Ministry of Finance has expressed that the basic living expense per person for the year 2024 is NT$210,000 (an increase of NT$8,000 from 2023)...

National Taxation Bureau of the Northern Area, Ministry of Finance, indicates that any individual who has income derived from sources in the Republic of China shall be liable for individual income tax in accordance with the Income Tax Act of the Republic of China. An alien who stays within the territory of the Republic of China for 183 days or more in a taxable year is regarded as a resident...

The National Taxation Bureau of Taipei (hereinafter referred to as NTBT), Ministry of Finance, has announced that individuals who have applied for tax deductions or refunds on the purchase of residential-purpose house and land following the sale of the same purpose house and land will be required to repay the tax deducted or refunded if the aforementioned house and land purchased are repurposed or transferred within five years after the purchase...

When a company signs a lease agreement with a landlord that requires monthly payment of rent plus the landlord's withholding tax and National Health Insurance supplementary premium, how should the total rent payment and withholding tax be calculated?

According to the National Taxation Bureau of Taipei, Ministry of Finance, if a foreigner stays in the Republic of China (hereinafter referred to as the ROC) for more than 90 days during a taxable year, the remuneration received from an overseas employer for labor performed in the ROC is considered to be ROC-sourced income based on Subparagraph 3, Article 8 of the Income Tax Act and shall still be filed in accordance with the relevant provisions of the Income Tax Act...

National Taxation Bureau of the Northern Area （NTBNA）, Ministry of Finance, indicated that, as stipulated under Article 12-1 of the Estate and Gift Tax Act, the amounts in each tax bracket will be adjusted starting from the following year each time the consumer price index （CPI） rises more than ten percent（10％）cumulatively since the previous adjustment...

The Jhushan Taxation Office, National Taxation Bureau of the Central Area, Ministry of Finance reminds small-scale business entitie that if their operating expenses include salaries to employees or rent for business use, they must withhold tax according to the Income Tax Act and file withholding and non- withholding tax statement(s)...

The National Taxation Bureau of the Southern Area, Ministry of Finance stated that, for projects contracted by profit-seeking enterprises, the profits and losses shall be calculated at the time of completion. As for determination of the completion date, it has been stipulated in the “Regulations Governing Assessment of Profit-seeking Enterprise Income Tax.” Therefore, the year in which the profit-seeking enterprise income tax return is filed shall not be chosen arbitrarily...

National Taxation Bureau of the Northern Area, Ministry of Finance explained that, for maintaining basic living needs, there is a NT$210,000 basic living expense for each taxpayer, their spouse, and each dependent...