On 16 September 2026, the Taipei National Tax Bureau published the assessment results for the 2024 (ROC 113) annual settlement filings of educational, cultural, public welfare, and charitable organizations. The announcement covers entities that filed their annual revenue and expense reports by the statutory deadline of 31 May 2025. The Bureau reviewed the submissions for compliance with the criteria for tax-exempt status under Article 11 of the Income Tax Act, which requires that income be used exclusively for the organization’s stated purposes and that no surplus inures to private individuals. A total of 1,243 organizations were assessed; 1,187 were approved for continued tax-exempt status, while 56 were flagged for discrepancies such as insufficient documentation, unrelated business income, or excessive administrative expenses. Those flagged have 30 days to submit supplementary evidence or request a review. The Bureau also reminded all exempt organizations that they must maintain detailed accounting records and make them available for inspection for at least seven years.
Key Takeaways
- High Approval Rate: Over 95% of filing organizations retained tax-exempt status for the 2024 fiscal year.
- Common Deficiencies: Flagged cases involved unrelated business income, poor documentation, or excessive overhead.
- Remediation Window: Non-compliant organizations have 30 days to provide additional evidence or appeal.
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