Taiwan Tax Compliance

Our Taiwan Tax Compliance Services

• Corporate Income Tax (CIT) Filings: We handle the preparation and submission of annual corporate income tax returns, ensuring all deductions, credits, and applicable tax incentives are properly applied.
• Value-Added Tax (VAT) Management and Filings: We manage your company’s VAT obligations, including the accurate calculation of output and input VAT, preparation of monthly or bimonthly VAT returns, and submission to the National Taxation Bureau.
• Withholding Tax Services: We assist with the calculation and remittance of withholding taxes on various payments, such as salaries, dividends, royalties, and service fees paid to non-residents, ensuring compliance with local regulations.
• Individual Income Tax (IIT) Support: For expatriate employees or directors, we provide support with individual income tax filings, including tax equalization calculations and advice on tax treaty benefits.
• Transfer Pricing Documentation and Compliance: We help businesses comply with Taiwan’s transfer pricing regulations, assisting in the preparation of master files, local files, and country-by-country reports as required.
• Tax Advisory and Planning: Our experts provide strategic tax advice to help you optimize your tax position, identify potential tax savings, and navigate complex tax issues in accordance with Taiwanese law.
• Tax Audit and Dispute Resolution Support: In the event of a tax audit or dispute, we represent your company, liaise with tax authorities, and work towards a favorable resolution.
• Tax Registration and Deregistration: We assist with initial tax registration for new businesses and manage the tax deregistration process upon company dissolution or cessation of business activities.

Benefits of our Taiwan Tax Compliance Services

• Dedicated Account Manager for Asia Business: You will have a specific point of contact to address your queries and provide tailored assistance, not only for Taiwan but for all your business questions across Asia.
• Risk Mitigation: We proactively identify and address potential tax risks, helping your business avoid common compliance pitfalls.
• Up-to-Date Regulatory Knowledge: We continuously monitor changes in Taiwan’s tax laws and policies, ensuring your business remains compliant with the latest requirements.
• Taiwan Experts: Benefit from our extensive experience and strong relationships with local authorities, ensuring smoother and more efficient processes.

Taiwan Tax Rates

In Taiwan, the standard Corporate Income Tax (CIT) rate is currently 20%. Small and medium-sized enterprises (SMEs) may be subject to preferential tax rates under certain conditions. Value-Added Tax (VAT) is generally applied at a rate of 5% on most goods and services, with some exceptions for zero-rated or exempt items. Businesses are required to issue government uniform invoices (GUIs) for taxable transactions and file VAT returns either monthly or bimonthly.

Taiwan Individual Income Tax

Individual Income Tax (IIT) in Taiwan is calculated based on a progressive tax rate system, ranging from 5% to 40%. Taxable income includes salaries, wages, professional fees, dividends, and other forms of income, after allowable deductions and exemptions. Foreign individuals residing in Taiwan for 183 days or more within a tax year are generally considered tax residents and are subject to tax on their worldwide income, while non-residents are taxed only on Taiwan-sourced income. Tax treaties may provide relief from double taxation for residents of signatory countries.

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“We actively keep you informed of new regulations and opportunities for tax optimization, ensuring your business stays ahead in the Taiwanese tax landscape.”

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