2020-05-19 16:43:56

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.