Taiwan Tax Update November 2020

Tax Incentives

  • Ministry of Economic Affairs announced draft amendment to Act for Development of Biotech and Pharmaceuticals Industry
  • Ministry of Economic Affairs and Ministry of Finance announced amendment to Regulations Governing the Application of Tax Credits for Corporate or Limited Partnership R&D Expenditures

Income Tax Act

  • Ministry of Finance announced Switzerland being added as one of the countries eligible for effective information exchange of Country-by-Country Report (“CbCR”) for fiscal years beginning after January 1, 2019

Contact us

Rosamund Fan

Rosamund Fan

Partner, PwC Taiwan

Tel: +886 2 2729 6666, x26077

Li-Li Chou

Li-Li Chou

Partner, PwC Taiwan

Tel: +886 2 2729 6666, x26566

Follow us