Corporate Tax System in Taiwan - International Tax …

Corporate Taxation System in Taiwan Corporate Income Tax The amount of income of a profit-seeking enterprise shall be the net income, , the gross yearly income after deduction of all costs, expenses, and losses. When calculating the amount of income in which there are taxable and exempt incomes involved, the costs, expenses or losses, except those which are attributable to such respective income in a direct, reasonable and definite way, which may be attributed to thereby and recognized as its deductions respectively, shall be reasonably allocated to the respective income. Measures regarding such allocation shall be prescribed by the Ministry of Finance ( MOF ). Corporate tax returns should be filed within 5 months after the fiscal year end. A semi-annual tax payment should also be made before the end of the ninth month after the fiscal year end. Corporate Income Tax Rate Taxable income Tax Rate Up to NT$50,000 Exempt NT$50,001 to NT$71,428 50% of taxable income less NT$25,000.

Corporate Taxation System in Taiwan . Corporate Income Tax . The amount of income of a profit-seeking enterprise shall be the net income, i.e., the

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