Q:
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Can the transaction loss of the beneficiary certificate of Taiwan private equity investment trust fund be deducted from other items that should be included in the basic income?
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A:
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No. Private equity investment trust fund beneficiary certificate transaction losses can only be deducted from the income from the private equity securities investment trust fund beneficiary certificate transaction at the time of declaration of the minimum tax burden within 3 years from the year in which the loss occurred or the year following the year of occurrence. It is deducted from other items that should be included in the basic income.
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Q:
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Why should the deduction of non-cash donations in Taiwan be included in the personal basic income?
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A:
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1.
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The valuation of non-cash donations is not easy. According to the analysis of taxation data, non-cash donations often become a channel for taxpayers to engage in tax planning and to avoid tax burdens, and they are included in the basic income.
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2.
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According to the 2003 comprehensive income tax statistics, it is shown that the use of donations to avoid tax burdens by high-income earners cannot be ignored.
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Q:
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What is the requirement for the deduction of non-cash donations in Taiwan to be included in the personal basic income?
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A:
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When reporting the comprehensive income tax, if there is a non-cash donation deduction amount, the deduction amount should be included in the personal basic income. As for the cash donation, it does not need to be included.
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Q:
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What is the tax rate of Taiwan's basic individual income tax (alternative minimum tax)?
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A:
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The individual tax rate is 20%.
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Q:
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What is the calculation principle of Taiwan's minimum tax burden?
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A:
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The minimum tax burden adopts the alternative method, and its principles are as follows:
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1.
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If the general income tax amount is higher than or equal to the basic tax amount, income tax shall be paid according to the general income tax amount.
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2.
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If the general income tax amount is lower than the basic tax amount, in addition to the general income tax amount, the income tax shall be paid on the difference between the basic tax amount and the general income tax amount. That is, when the general income tax amount is lower than the basic tax amount, the income tax shall be paid according to the basic tax amount.
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3.
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For income tax paid in accordance with the laws and regulations of the source of income, the basic tax can be deducted, and the deducted amount shall not exceed the additional basic tax due to the addition of overseas income. For the aforementioned deduction, the tax authority of the source of income shall issue a tax voucher for the same year.
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FAQ
