Asia Pacific

As of 2026/08/18, Taiwan Customs announced enhanced cooperation with tax authorities to streamline cross-border enforcement operations, aiming to improve anti-smuggling efficiency and strengthen legal oversight at ports. This initiative reflects ongoing efforts to align customs procedures with judicial oversight, facilitating faster case resolution while maintaining rigorous compliance standards. The program establishes direct communication channels between

Effective 2026/08/18, the Ministry of Finance released guidance clarifying the treatment of unified land and building tax for businesses filing provisional corporate income tax returns under the standard declaration scheme. The directive specifies that taxpayers adopting the general provisional payment method are no longer required to segregate prior-year land and building tax assessments when calculating

As of 2026/08/18, the Ministry of Finance confirmed that occupational injury compensation paid by employers in accordance with statutory requirements is fully exempt from personal income tax, reinforcing the financial protection framework for workers. The exemption applies to compensation disbursed pursuant to the Labor Standards Act and related occupational safety regulations, covering medical expenses, disability

As of 2026/08/18, the Ministry of Finance emphasized that transfers of unlisted company shares require a valid tax authority certification, enabling the subsequent corporate registration and update of shareholder records. The regulation mandates that acquiring enterprises or individuals obtain a certificate from the competent tax bureau confirming the absence of outstanding tax liabilities, valuation disputes,

Effective 2026/08/18, the Ministry of Finance issued guidance permitting disabled persons who lease medical assistive devices to claim the associated rental expenses as eligible deductions under the medical expense itemized deduction scheme. The policy clarifies that rental payments for prescribed medical devices, such as oxygen concentrators, wheelchairs, and prosthetic equipment, qualify for inclusion in the