Taiwan

On 14 August 2026, the Ministry of Finance clarified that real‑estate lessors must declare corporate income tax based on actual business activities and apply the correct industry classification code under the Income Tax Act. Key Takeaways Tax reporting: Lessors are required to align tax declarations with genuine operational income and industry code. Regulatory compliance: Accurate […]

On 14 August 2026, the Ministry of Finance highlighted that rental income from socially owned housing may qualify for business tax exemption when specific statutory conditions are satisfied. Key Takeaways Tax exemption: Qualified social housing rental income can be exempt from business tax under the relevant tax decree. Eligibility criteria: Must meet defined operational and

On 13 August 2026, the Ministry of Finance announced that the 115th fiscal year provisional tax filing will commence on 1 September, offering exemptions to eligible taxpayers who meet predefined criteria. Key Takeaways Filing start: Provisional tax filing opens on 1 September 115, streamlining the reporting process. Exemption provision: Qualifying taxpayers may be exempt from

On 13 August 2026, the Ministry of Finance reminded that loss‑making enterprises that fail to accurately report income remain subject to tax penalties under the Income Tax Act. Key Takeaways Penalty enforcement: Underreporting income does not exempt companies from tax liabilities or penalties. Compliance requirement: Accurate income reporting is mandatory to avoid additional sanctions. Disclaimer:This

On 13 August 2026, the Ministry of Finance announced that the 115th fiscal year provisional tax filing will commence on 1 September, offering exemptions to eligible taxpayers who meet predefined criteria. Key Takeaways Filing start: Provisional tax filing opens on 1 September 115, streamlining the reporting process. Exemption provision: Qualifying taxpayers may be exempt from

On 13 August 2026, the Ministry of Finance issued a five‑year 115‑A8 government bond, aiming to raise funds for public projects and manage fiscal needs. Key Takeaways Bond issuance: The 115‑A8 bond carries a fixed interest rate and matures in five years, supporting infrastructure and social programs. Fiscal impact: Proceeds are earmarked for debt reduction

As of 30 June 115, the Ministry of Finance reported that no unclaimed inheritance surpluses had been transferred to the Treasury, indicating complete settlement of such cases. Key Takeaways Settlement status: All inheritance surplus cases have been resolved, with no remaining balances pending Treasury allocation. Policy implication: Confirms effective enforcement of inheritance tax collection and

On 12 August 2026 the Taipei National Tax Bureau NTB under the Ministry of Finance issued official guidance interpreting the application of the Business Tax Act to sole proprietorships specifically addressing the tax consequences of officer changes coupled with goods transfers. The guidance clarifies that when a sole proprietorship replaces its designated responsible person and

On 10 August 2026 the Taipei National Tax Bureau NTB released urgent guidance concerning the reporting obligations of individuals who have underreported personal comprehensive income tax. The advisory emphasizes that any instance of omitted or underestimated taxable income must be promptly refiled through the formal tax return amendment process and the outstanding tax liability must

The Ministry of Finance published guidance on profit and loss offset claims, outlining eligibility, documentation, and timing for corporate tax filings effective 1 July 2026. The notice clarifies that offsetting previous years’ losses against current-year profits is permitted only with audited financial statements and requires submission of a detailed loss carry‑forward schedule. Companies must amend