Taiwan MOF Explains Transfer Pricing Reporting, Submission of Master Files, 2023 CbC Reports for Companies

The Taiwanese Ministry of Finance March 6 explained transfer pricing reporting rules, the submission of master files, and 2023 country-by-country (CbC) reports for profit-seeking enterprises. Topics covered include: 1) procedure for the submission of transfer pricing reports and related documents; 2) disclosure obligations for enterprises engaged in controlled transactions; 3) a clarification that enterprises are exempt from filing CbC reports if they are the ultimate parent entity and their consolidated group revenue from the preceding year is under NT$27 billion (US$856.4 million), their annual net operating and non-operating income is under NT$3 billion (US$95 million), or their total annual cross-border ...