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Starting from FY 2019, non-listed companies with paid-in capital of less than NT$30 million, but with more than 100 employees or annual sales turnover reaching or exceeding NT$100 million, are required to have their financial statements audited by a CPA firm.

Qualifying foreign enterprises may apply for an advance ruling under Article 25 of the Income Tax Act, which allows corporate income tax to be assessed based on a deemed profit percentage.

To maximize the benefits of investing in Taiwan, it is vital that investors consider, as early as possible, both the tax planning opportunities and the specific tax obligations their nvestment presents.

Taiwan’s Ministry of Finance released a number of important tax rulings relating to the source of income. This article summarizes the content of the rulings.

One needs to take these into account tax rulings when conducting benefits planning for expatriate employees working in Taiwan to make to most taxefficient fringe benefits package possible.

An estate tax return is due within six months from the date of death. A three-month extension is available if an application is submitted before the original due date.

Directors and supervisors in a company are automatically deemed to hold “employer” status. Any person whose name appears on the company statutory record as the responsible person is also deemed to hold “employer” status.

Tax compliance audits are compulsory for companies reporting gross revenue in excess of TWD 100 million (approximately USD 3 million) per annum. There are also special incentives to engage a CPA firm to conduct a tax compliance audit.

When making transactions in Taiwan, it is important to pay attention to withholding tax obligations. This includes withholding tax payment deadlines, filing requirements, and applying the correct withholding tax percentage to payments.

Understanding Taiwan’s Compliance Requirements All companies registered in Taiwan, regardless of whether they are foreign or locally owned, must be in compliance with Taiwan’s regulations. Much of the requirements come from the Labor Standard’s Law, the Company Act and related rulings issued by Government Authorities.

Taiwanese resident corporations are subject to income tax on their worldwide income. Non-resident corporations, on the other hand, are subject to tax only on income derived within Taiwan through a branch or agent.

Taiwan is still in the process of adopting the international ethics standards as published by the IFAC. Before such time, the existing ethics standards still need to be followed. The existing standards can be summarized as follows.

In Taiwan, we have achieved ISO certification every year since 2016 for both ISO 9001 and ISO 27001. In 2019 we received the Community Service Award from Grant Thornton International. In 2024 and 2025 we were named Accounting Services Expert of the Year in Taiwan – by Corporate INTL. We were also named the Accountants and Tax Advisors of the Year – Taiwan in 2024 by GBA Magazine.

Force of attraction refers to rules for foreign enterprises in Taiwan that conduct business with domestic customers.

Taiwan Work Visa Comparison Table

In order to close tax collection gaps, the Taiwanese Ministry of Finance has revised VAT and Income Tax regulations for foreign ecommerce companies with no permanent establishment in Taiwan.