In this article we take a detailed look at Taiwan’s tax regime from a Pillar Two perspective.
Key aspects covered include tax incentives provided by the Statute for the Establishment and Management of Free Trade Zones, the Statute for Industrial Innovation and the provisions of the Income Tax Act.
Article 5(5) of the Income Tax Act provides that the standard rate of corporate income tax is 20% for companies with taxable income that exceeds 120,000 yuan. Taiwan does not provide for any reduced rates of corporate income tax for MNEs.
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