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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...

The National Taxation Bureau of the Northern Area （NTBNA）, MOF, stated that it will soon conduct controlled foreign corporation（CFC）audits for the year 2023（ROC Year 112） on profit-seeking enterprise income tax filings within its jurisdiction. Profit-seeking enterprises are reminded to review their filing details, and if there are any cases of underreporting of CFC investment income, they should promptly amend and file payment of tax...

Profit-seeking enterprises reporting a business loss in its annual income tax return will still be penalized if found to have omitted or underreported income, even if there is no tax payable after adding the omitted or underreported income. Therefore, profit-seeking enterprises must file their annual income tax returns honestly...

The National Taxation Bureau of Taipei, Ministry of Finance, stated that in accordance with Paragraph 2 of Article 24 of the Income Tax Act and Article 108-2 of the Guidelines for Examination of Profit-Seeking Enterprise Income Tax, profit-seeking enterprises that have unpaid accounts payable, expenses, losses, or other types of debts that have exceeded the statute of limitations for claims and remain unpaid shall reclassify these amounts as other income in the year the statute of limitations expires. Upon actual payment, these amounts should then be recorded as non-operating expenses...

The National Taxation Bureau of Taipei, Ministry of Finance, stated that it often receives calls from citizens inquiring about the applicability of the gift tax exemption to foreigners who gift their assets within the territory of the Republic of China...

The National Taxation Bureau of Taipei, Ministry of Finance (hereinafter“the Bureau”), stated that for any profit-seeking enterprise having its head office within the territory of the Republic of China (hereinafter“the R.O.C.”), profit-seeking enterprise income tax shall be levied on its total profit-seeking enterprise income derived within or without the territory of the R.O.C. in accordance with the provisions of Paragraph 2 of Article 3 of the Income Tax Act. If income tax has been paid on the income derived outside of the territory of the R.O.C. in accordance with the tax act of the source country of that income, for the avoidance of double taxation, such tax paid may, upon presentation by the taxpayer of evidence of tax payment issued by the tax office of said source country for the same business year, be deducted from the amount of tax payable by the taxpayer at the time of filing final returns on the total profit-seeking enterprise income...

The National Taxation Bureau of Taipei, Ministry of Finance, stated that offshore electronic service suppliers pricing their sales of digital services in foreign currencies should convert the amounts into New Taiwan Dollars when reporting business taxes...