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 the original return within 30 days of claim acceptance, and failure to provide evidence may trigger audits. The guidance also addresses group offset arrangements and cross‑border transactions, emphasizing electronic submission through the integrated tax portal.
Key Takeaways
- Effective Date: 1 July 2026 for all corporate filings
- Maximum Offset: NT$10 million per annum
- Submission Deadline: Within 30 days of claim acceptance
Source: Read Original Announcement