|
Q:
|
How should the income earner apply for declaration if a Taiwan profit-making enterprise pays the remuneration to professional practitioners and withholds tax according to the law, but then close down?
|
|
A:
|
If a Taiwan profit-making enterprise close down and the company representative is missing, according to Notice No. 33156 by the Taiwan Ministry of Finance, the professional practitioners can re-apply for the withholding slip for the remuneration given by that Taiwan profit-making enterprise and tax withheld according to the law.
|
|
Q:
|
How to apply for “certificate of withhold exemption of saving”?
|
A:
|
No matter where the household registered address is, the taxpayer visit and re-apply for the “certificate of withhold exemption of saving” in any National Taxation Bureau office, branch or service center, with the taxpayer’s and his spouse’s ID card or household register certificate and personal seal. The certificate can be used continuously and does not have to renew every year. When the certificate is fully filled, then it can be renewed in any Taxation Bureau office with ID card, household register certificate and the old certificate.
|
|
Q:
|
What are the applicable scopes of “certificate of withhold exemption of saving”?
|
A:
|
There are 2 areas it can be used:
|
1.
|
Saving interest in financial institution;
|
|
2.
|
Income from saving trust funds.
|
|
|
Q:
|
If a Taiwan resident obtain stock dividends issued publicly by company and met the requirement of income tax deferred on or before 1998 as an individual shareholder, which then transfer on or after 1999, does it applicable to the regulations for TWD 270,000 special deduction of saving investment?
|
|
A:
|
A Taiwan resident obtain registered stock dividends issued due to increase capital from non-distributed surplus and met the requirement of income tax deferred on or before 1998 as an individual shareholder, then transfer on or after 1999, it shall be listed in as income on the year of transferal for tax declaration, and is applicable to the TWD270,000 special deduction of saving investment.
|
|
Q:
|
What is alternative minimum tax in Taiwan?
|
|
A:
|
The alternative minimum tax is a system in which companies or high-income individuals who pay a low tax or even without paying tax due to overuse of tax relief and allow them to pay a basic amount of tax. The purpose is to enable those who can afford taxes to contribute to national finance, so as to maintain tax fairness and ensure national tax income.
|
FAQ
