Taiwan
Corporate Income Tax Filing in Taiwan: What Expenses and Losses Can’t Be Deducted?
This article walks you through key types of expenses and losses that cannot be deducted under Taiwan’s tax regulations, common mistakes businesses make, and practical strategies to stay on the
Why Setting Up a Corporate Bank Account in Taiwan Is Crucial for Your Business Success
In this article, we’ll explore the essential reasons for opening a business bank account in Taiwan and what it means for your company’s growth, compliance, and day-to-day operations.
The Introduction of Taiwan Financial Attestation
Financial Attestation refers to a professional service in which a licensed Certified Public Accountant (CPA) audits and reviews a company’s financial statements based on established accounting and auditing standards. The
How to Hire Blue-Collar Foreign Workers in Taiwan?
This article provides a detailed guide on how to hire blue-collar foreign workers in Taiwan, including the legal requirements, hiring process, employer responsibilities, and potential challenges.
Understanding the New Tax Regulations for the 2024 Tax Year in Taiwan: What Taxpayers Need to Know
In 2025, the Ministry of Finance in Taiwan has introduced several key updates to the income tax filing process. These changes are aimed at easing the financial burden on households,
Taiwan Business Expansion: Transitioning from Representative Office to Branch
This article explores the key considerations, legal steps, and strategic advantages of converting a representative office into a Taiwan branch to unlock broader business potential.
An Introduction to Taiwan’s Government Uniform Invoice (GUI) and Electronic GUI (eGUI)
In Taiwan, the Government Uniform Invoice (GUI) system is a cornerstone of the nation’s tax administration and business transparency practices. Introduced in 1951, the GUI system was developed as a
Is Taiwan’s Tourism Industry a Good Investment for Foreigners?
Taiwan is an increasingly attractive destination for international tourists, known for its stunning landscapes, rich cultural heritage, vibrant cities, and world-class street food. As the island continues to develop its
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
