Taiwan MOF Clarifies Corporate Income Taxation of Dividends From Nonresident Companies Listed Domestically, in English

The Taiwanese Ministry of Finance March 26 clarified, in English, corporate income taxation when domestic profit-seeking enterprises receive dividends from nonresident companies listed in Taiwan. The clarification includes that: 1) profit-seeking enterprises with a head office in Taiwan must include in taxable income all cash or stock dividends received from nonresident companies with shares that the Taiwanese securities regulatory authority has approved for listing and trading in Taiwan; 2) profit-seeking enterprises with a head office outside Taiwan aren’t subject to Taiwanese corporate income tax on such foreign dividends; and 3) profit-seeking enterprises that failed to include such dividends in taxable ...