Q：
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When to proceed estimate of property for profit-seeking enterprise in Taiwan?
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A：
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For the assets of a profit-seeking enterprise, if the price index of the current year increases by more than 25% compared with the year in which the asset was acquired or the previous year in which the asset revaluation was conducted as required by law, it may apply to the tax collection authority for asset revaluation. For the asset revaluation of a for-profit enterprise, within the second month and one month after the end of the fiscal year, an application for asset revaluation shall be filled out, stating the date of establishment of the profit-seeking enterprise, the start and end dates of the fiscal year, and whether the asset revaluation has been conducted, and apply to the taxation authority for asset revaluation.
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Q：
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What is the procedure for application in blue declaration form in Taiwan?
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A：
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Profit-seeking enterprise shall fill in the blue declaration form in regulated format and submit it to the revenue service office within 6 months of start of the fiscal year. For startups, the application shall be submitted by one month of the end of fiscal year.
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Q：
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When to proceed provisional tax return for profit-seeking enterprises? Is it allowed to apply for extension?
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A：
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For the profit-seeking enterprises that should handle the temporary payment, the accounting year adopts the calendar year system, and the temporary payment declaration should be processed from September 1st to September 30th each year. At present, there is no requirement to apply for an extension of the declaration. Unless the last day, that is, the 30th is a Saturday, Sunday or a national holiday, the tax payment and declaration can be postponed to the next business day, and the tax should be paid before September 30. payment and filing.
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Q：
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How is the temporary payment declaration for Taiwan's for-profit enterprises calculated?
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A：
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A profit-seeking enterprise that should file a provisional declaration shall, within the declaration period, use 1/2 of the income tax payable for the profit-seeking enterprise in the previous year as the provisional tax amount, pay it to the treasury by itself, and fill in the form according to the prescribed format. With the provisional tax declaration form, attach the provisional tax payment receipt, and submit the declaration to the tax collection authority at the place of registration.
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Q：
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Can the withholding tax of the profit-seeking enterprise and the tax deduction amount in accordance with the relevant laws and regulations be offset or deducted from the provisional tax amount?
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A：
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When a profit-seeking enterprise handles the provisional tax declaration, the regulations on offsetting or deducting the provisional tax amount are explained in 3 points:
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The withholding tax that has been obtained with the withholding voucher can be used to offset the provisional tax in full by presenting the photocopy of the withholding voucher for reference.
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For tax deductions approved by the competent authority, profit-seeking enterprises may attach supporting documents and detailed statements when filing provisional tax returns to fully deduct the provisional tax.
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The expenditures invested by the company in research and development and personnel training have been applied for deduction of the tax payable in the previous year's profit-seeking enterprise income tax settlement and declaration but have not been approved. The full amount of tax payable for the current year is allowed to be deducted.
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FAQ
