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Guide to Taiwan Business Tax
In accordance with the relevant tax laws and regulations, all sales of goods and services in Taiwan, as well as the importation of goods into Taiwan, are subject to business tax. Business tax is imposed under two systems: the value-added-tax (VAT) system and the non-value-added tax (Non-VAT) system.
Guide to Taiwan Building Tax
The building tax is levied on the government-assessed value of the building at the applicable tax rate. The government-assessed value is not the market value of the building, but rather the value as assessed by the tax offie based on standards issued by the MOF. The value assessment factors are location, construction type (i.e. steel frame, etc.), and the total number of units in the building.
Guide to Taiwan Commodity Tax
Commodities list in the “Commodity Tax Act”, whether manufactured domestically or imported from abroad shall be subject to commodity tax in accordance with this act except as otherwise provided by any other laws. The commodity tax levies depend on the type of goods, and the applicable tax rate or tax amount is also different (non-progressive tax rate).
Guide to Taiwan Individual Estate and Gift Tax
Estate and gift taxes are levied on the worldwide assets of Taiwan-domiciled individuals. If a Taiwanese national does not have a Taiwan domicile, but has a residence in Taiwan, his/her worldwide assets are subject to the Taiwan estate and gift tax if the individual’s total stay in Taiwan exceeds 365 days in the two years before the date of decease or gift transfer.
Guide to Taiwan Deed Tax
The deed tax is levied on the transfer of title of real estate through sale, acceptance of a dien right, exchange, donation, subdivision, or occupancy, except where the land value increment tax applies. The deed tax is payable at the time of transfer.The deed tax is based on the deed price prescribed by the Real Estate Appraisal Committee of the local government.
Guide to Taiwan Futures Transaction Tax
Trading of futures in the Taiwan Futures Exchange within the territory of Taiwan is subject to the futures transaction tax.The taxpayer of futures transaction tax shall be the sellers and buyers of the futures and the futures commission merchant is responsible for collecting the tax. Futures transaction tax is collected by the futures commission merchant (FCM) on the date of the transaction at the rate specified
Tax Guide to Taiwan Share Transfer
In comparison, while the transfer of the capital contribution of a limited company or uncertified stock by individuals is a transfer of rights, stamp duty is not applicable for such activities, only individual income tax is charged. However, Taiwan individual income tax is based on a comprehensive income tax system which implements progressive tax rates with the maximum tax rate of 40%.
Comparison on Method of Filling Tax Returns for Profit Seeking Entities
For a smaller scaled company and maintained annual revenue as at NT$ 30 million Kaizen would likely to advise the method Tax Filing Expanding to the Case Qualified for the Standards Issued by the Ministry of Finance (MOF). On the other hand, for enterprise that have retained annual turnover above NT$ 100 million, Tax Filing with Audited Report is enforced by-Law.
Introduction to Taiwan Personal Income Tax
Individuals are only subject to income tax on Taiwan source income with income derived from foreign sources being exempt from income tax. Residents, both Taiwanese and foreign nationals, pay tax on net consolidated income calculated as the total income received from all Taiwan sources less exemptions and deductions. Non residents who stay in Taiwan not over 90 days within a calendar year are taxed on their gross income
Guide to Taiwan Profit-Seeking Enterprise Income Tax
A profit-seeking enterprise is defined as an entity established in the form of a sole proprietorship, partnership, company (including a Taiwan branch of a foreign company), and any other form of organization that operates for profit-seeking purposes through a fixed place of business, regardless of whether the enterprise is owned by the government, private sector, or jointly by the government and the private sector.