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

The Taiwanese Ministry of Finance Oct. 19 clarified the corporate income tax treatment of investments in domestic securities and foreign funds. The clarification includes: 1) income from the sale of domestic securities is exempt from tax, but declarations must include the basic exemption amount; 2) income from foreign funds approved by the government for domestic sale is subject to tax as income from an overseas investment; and 3) businesses must report dividend, fund conversion, merger, and fund elimination income from foreign funds. [Taiwan, Ministry of Finance, 10/19/20]

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