On 22 October 2026, the Ministry of Finance directed all 23 National Taxation Bureaus and their branch offices to activate proactive outreach protocols for taxpayers in Typhoon Krathon-affected regions. Under the Taxpayer Rights Protection Act and the MOF’s Disaster Response SOP, tax officers are dispatched to township offices, evacuation shelters, and industry association halls to provide on-the-spot assistance with: (1) reconstruction of lost accounting records using third-party data (bank statements, e-invoice platforms); (2) preparation of amended returns claiming casualty loss deductions; and (3) applications for installment payment plans for pre-existing tax debts exacerbated by the disaster. The program runs through 31 December 2026.
Key Takeaways
- Reconstructive Forensics: Tax officers are authorized to access the MOF’s e-Invoice Platform and Financial Information Co., Ltd. databases to rebuild revenue ledgers for businesses whose physical records were destroyed, ensuring deduction claims withstand audit scrutiny.
- Debt Restructuring Integration: The initiative coordinates with the Financial Supervisory Commission’s loan moratorium program, allowing taxpayers to synchronize tax installment agreements with bank debt restructuring timelines for holistic cash flow management.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement