Taiwan Tax Update April 2023
Tax Incentives
- Ministry of Economic Affairs (“MOEA”) updated Frequently Asked Questions (“FAQs”) on “Application Portal of Investment tax Credit (“ITC”) for Smart Machinery, 5G Network, and Cyber Security Products or Services” by incorporating guidance on applicability of cyber security ITCs
Income Tax
- Ministry of Finance (“MOF”) announced bulk assessment of FY2021 corporate income tax (“CIT”) returns and FY2020 undistributed earnings returns which have not been selected for tax audit and which have been assessed as filed
- MOF announced income query service for tax year 2022 shall start from April 28, 2023 to May 31, 2023
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