Taiwan MOF Clarifies 2026 Basic Income Tax Rules for Profit-Seeking Enterprises

The Taiwanese Ministry of Finance May 8 issued an announcement clarifying 2026 basic income tax rules for profit-seeking enterprises. The announcement includes: 1) that for fiscal year 2026, profit-seeking enterprises with a basic income amount of NT$600,000 (US$19,010) or less are exempt from paying income tax under the Income Basic Tax Act; 2) that for profit-seeking enterprises with a basic income amount exceeding NT$600,000 for fiscal year 2026, the basic tax amount is calculated by deducting NT$600,000 from the basic income amount and then applying the tax rate set by the Executive Yuan, which is currently 12 percent; 3) income ...