Taiwan Tax Update November 2024

Income Tax

  • Ministry of Finance (“MOF”) released Tax Ruling stating minor violation resulting in late payment of corporate income tax is still eligible for usage of loss carry forward

Tax Incentives

  • Ministry of Economic Affairs (“MOEA”) announced draft amendments to sub-regulations under Act for Development of Small and Medium Enterprises (SMEs)

Value Added Tax

  • MOF announced draft amendment to Business Tax Threshold for Small-scale Business Entities

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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 27296566

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