Taiwan Tax Guide: Setting Up an Entity for Foreign Companies
Taiwan, with its robust business environment and highly developed supply chain, serves as a crucial hub for many foreign enterprises looking to enter the Asian market. However, before establishing a presence, a thorough understanding of the local tax system is paramount, as it directly impacts operational costs and legal risks. Here’s a comprehensive overview of key tax considerations for foreign companies setting up an entity in Taiwan.
Quick Facts About the Income Tax Withholding System in Taiwan
In this article, we will explore the structure of income tax withholding, particularly focusing on the system in place for residents and non-residents in Taiwan.
A Comprehensive Guide for Overseas E-Commerce Sellers on Taiwan’s Business Tax Filing and Payment
This guide provides a detailed overview tailored for overseas e-commerce sellers on how to properly file and pay business tax—particularly Value-Added Tax (VAT)—in 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 right side of the law.
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, adjusting allowances and deductions, and updating methods for calculating property transaction income. Whether you’re an individual taxpayer, a business owner, or a tax professional, understanding these changes will be crucial for ensuring accurate and timely tax filing.
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 standardized method for businesses to report their sales and ensure the proper collection of Value-Added Tax (VAT).
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, sports competitions, and recreational activities.
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 avoidance strategies that exploit offshore entities in low-tax jurisdictions.
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 compliance and financial health. This guide explains what Business Income Tax is, how to file it, and how it differs from Business Tax.
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, and depreciation techniques. In this follow-up, we’ll explore advanced strategies, diving into areas like managing assets, leveraging tax treaties, and utilizing investment credits. These insights will help businesses maximize tax benefits and maintain compliance.
