Taiwan
Understanding Taiwan’s Amusement Tax: Rates, Scope, Exemptions & Filing Guide
The Amusement Tax is a component of Taiwan’s local tax system, specifically levied on various fee-based entertainment activities, encompassing a wide range of forms such as films, dramas, singing, dancing,
Understanding Taiwan Company Seals: The Role of Company and Representative Chops
When establishing a business in Taiwan, understanding the legal and operational significance of company chops (seals) is crucial. These official stamps serve as a company’s signature and are legally recognized
Taiwan’s CFC Rules: Understanding Tax Obligations for Offshore Entities and Trusts
In an effort to safeguard its tax base and align with global standards, Taiwan implemented Controlled Foreign Corporation (CFC) rules effective January 1, 2023. These regulations aim to curb tax
Advantages and Disadvantages of Setting Up an E-commerce Company in Taiwan
Taiwan is an attractive destination for foreign e-commerce businesses, thanks to its vibrant digital economy, high internet penetration rate, and strategic location in Asia. However, like any business decision, establishing
A Guide to Business Income Tax Filing: Essential Knowledge for Entrepreneurs
As May approaches, tax filing season begins. If you’ve recently started a business, terms like Business Income Tax and Business Tax may seem confusing. Filing taxes correctly is crucial for
Setting Up a Business in Taiwan? Here’s How to Apply for Your Work Permit & ARC
Taiwan offers a thriving business environment for foreign entrepreneurs looking to establish and grow their ventures. Once a business is successfully registered, obtaining a work permit and an Alien Resident
The Introduction of Typhoon Leave and its Impact on Business
In Taiwan, employers are required by law to enroll employees in Labor Insurance (LI) and National Health Insurance (NHI). These programs provide vital protections, including healthcare and income replacement in
How Foreigners Can Establish an Interior Design Company in Taiwan
When setting up a business in Taiwan, understanding and integrating the trends of Generation MZ (comprising Millennials born between 1981-1996 and Gen Z born between 1997-2012) is crucial. Their values,
Maximizing Tax Efficiency for Profit-Seeking Enterprises: Essential Strategies for Business Growth (Part 2)
In the previous article, we discussed essential tax-saving strategies such as selecting the optimal business structure, reporting deductible expenses, choosing the right inventory valuation method, estimating allowances for bad debts,
Adapting to the Business Trends of Generation MZ in Taiwan: A Guide to Building a Modern Company
When setting up a business in Taiwan, understanding and integrating the trends of Generation MZ (comprising Millennials born between 1981-1996 and Gen Z born between 1997-2012) is crucial. Their values,
Taiwan Business Tax on Cross-Border Electronic Services: Key Insight
As the digital economy continues to expand, Taiwan has implemented specific measures to ensure fair taxation of cross-border electronic services. Since May 1, 2017, the Ministry of Finance (MOF) in
Comprehensive Guide to Work Permits in Taiwan for Foreign Professionals
Taiwan is a rapidly developing economy with a rich and diverse culture, attracting professionals and skilled workers from around the world to build their careers. Foreign nationals who wish to
Withholding Tax for Electronic Services and Royalties: Key Regulations and Compliance in Taiwan
With the increasing frequency and diversity of cross-border transactions, the demand for procuring electronic services from abroad has only surged, particularly due to the acceleration of digital transformation during the
Taiwan Gold Card Benefits: Why It’s Perfect for Global Professionals
Taiwan’s Gold Card program has become a popular choice for professionals seeking a blend of career opportunities and an exceptional quality of life. This innovative visa combines work, residence, and
Employer Responsibilities in Taiwan: A Guide to Labor and Health Insurance Compliance
In Taiwan, employers are required by law to enroll employees in Labor Insurance (LI) and National Health Insurance (NHI). These programs provide vital protections, including healthcare and income replacement in
How to Establish a Travel Agency in Taiwan?
To establish a travel agency in Taiwan, entrepreneurs must navigate through a series of regulatory, legal, and operational steps. The process involves registering the business, obtaining specific licenses, complying with
Comprehensive Guide to Taiwan Deductible and Non-Deductible Input Taxes
Understanding which input tax items are deductible and which are not is essential for businesses aiming to maximize their tax benefits while staying compliant with tax regulations. This guide explores
A Comprehensive Guide for Foreign Businesses: Establishing a Legal Entity in Taiwan
Setting up a business in Taiwan can be an attractive option for foreign corporations looking to expand in Asia. The island nation is known for its business-friendly environment, strategic location,
Maximizing Tax Efficiency for Profit-Seeking Enterprises: Essential Strategies for Business Growth (Part 1)
Profit-seeking enterprises face complex tax requirements, and understanding how to leverage tax-saving strategies can benefit business growth. From selecting the right business structure to handling depreciable assets and bad debts,
Guide to Setting Up a Limited by Shares Company in Taiwan
Taiwan is a dynamic and fast-growing economy, attracting businesses from around the globe. With its strategic location in Asia, robust infrastructure, and competitive advantages in industries like technology and manufacturing,
Taiwan’s Cross-Border Tax Guide for Foreign Digital Services
As the digital economy grows, Taiwan has introduced a tax framework targeting cross-border electronic services. This shift ensures that foreign companies providing digital services in Taiwan contribute to the nation’s
