Increased Withholding Tax Rates from 2018: Countries that Have Signed a Tax Treaty with Taiwan Enjoy Preferential Withholding Rates
May 19

On 10 December 2019, the Ministry of Finance (MOF) issued Administrative Decree No. 10804651540 providing exemption from CbC reporting for Taiwan entities under a MNE Group headquartered outside Taiwan. The new safe harbor rules prescribe that the Taiwan entity will not be required to submit a CbC report if it meets either one of the following:
• total annual turnover (include operating and non-operating) has not exceeded TWD3 billion, or
• total cross-border controlled transaction amount has not exceeded TWD1.5 billion.

written by Good Earth


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