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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.

This document is prepared to help explain the tax and legal obligations of the employer when terminating an employment relationship in Taiwan.

Grant Thornton Taiwan was founded in 1971. The firm is committed to providing high-quality services to clients. We work closely with our international organisation, constantly developing new service lines to meet the needs of international clients. We are also registered with the U.S. Public Company Accounting Oversight Board (PCAOB) and are ISO 9001 and ISO 27001 certified.

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.

Taiwan-registered companies are required to annually report information regarding responsible persons and key shareholders during the period from March 1 to March 31.

Charge Out Rates for the year 2026

Annual meetings of the board of directors and shareholders must be held within six months following the end of the fiscal year.

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.

Establishing a compliant and well-structured employment contract is essential for any organization hiring in Taiwan. Such contracts must align with the country’s legal framework while also promoting a transparent and cooperative relationship between employer and employee.

The Employment Gold Card is aimed at attracting foreign professionals to live and work in Taiwan by creating a more friendly work and residency environment. This is achieved through the relaxation of visa, work, and residency regulations, as well as enhancements to insurance, tax, and retirement benefits.

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.

In Taiwan, to squeeze out minority shareholders, one needs to take a more complex approach based on the Taiwan Business Merger and Acquisition Act

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.

Labor meetings should be held regardless of industry or business entity size; as long as a business entity is subject to the LSA, then it should hold labor meetings as per regulations.

In Taiwan, Taiwan-IFRSs and R.O.C. GAAP have some differences. Only major and commonly referenced differences are listed below, and more differences can also come up due to changes being released from time to time.

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.