Taiwan Tax Update January 2025

Income Tax

• Ministry of Finance (“MOF”) released tax ruling providing guidance on circumstances not requiring document authentication for recognizing loss from investment in foreign investee company
• MOF announced draft amendment to Article 34 of Regulations Governing Application of Agreements for the Avoidance of Double Taxation with Respect to Taxes on Income (“DTA Applicability Assessment Rules”), with an advance notice period of 60 days

Tax incentives

• Ministry of Economic Affairs (“MOEA”) announced 2024 and 2025 salary standards for entry-level employees as defined under the Act for Development of Small and Medium Enterprises

Value Added Tax

• MOF announced draft amendment to increase “annual B2C sales” tax registration threshold of foreign ESS providers from NT$480,000 to NT$600,000 on December 24, 2024, with an advance notice period of 60 days