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Daily Tax Report: International

Taiwan MOF Clarifies Corporate Income Tax Treatment of Domestic, Foreign Fund Income

Oct. 10, 2019, 5:55 PM

The Taiwanese Ministry of Finance Oct. 8 clarified corporate income tax treatment for companies investing in domestic securities and foreign funds. The agency clarified that: 1) income from the sale of domestic securities is exempt from tax, but the basic exempt amount must be declared; 2) income from foreign funds approved by the Taiwanese government for domestic sale is subject to tax as income from an overseas investment; and 3) businesses must also report income from dividends, fund conversions, or merger eliminations from foreign funds. [Taiwan, Ministry of Finance, 10/08/19]

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