Taiwan MOF Explains Tax Treatment of Income Earned From Mainland China

The Taiwanese Ministry of Finance Nov. 20 explained the tax treatment of the income earned from mainland China, which includes: 1) that the profits made are subject to taxation in China, but the taxes paid in China can be deducted from the taxable amount in Taiwan; 2) the deductions claimed should not be more than the income derived in China; and 3) the deductions must be calculated after taking in account all costs and losses by revenue. [Taiwan, Ministry of Finance, 11/20/18]

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