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Q:
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What is the coverage of imposition for Profit-seeking Enterprises Income Tax in Taiwan?
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A:
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1.
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All profit-seeking enterprises in Taiwan shall pay the profit-seeking enterprises income tax pursuant to laws.
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2.
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The total amount of income from outside or inside of Taiwan shall be imposed on Profit-seeking Enterprises Income Tax the headquarters of profit-seeking enterprises located in Taiwan.
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3.
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The source income of the profit-seeking enterprises from Taiwan shall be recognized as Profit-seeking Enterprises Income to be imposed on the profit-seeking enterprises income tax pursuant to laws.
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Q:
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What kinds of industries in the coverage of profit-seeking enterprises are pursuant to Income Tax Act?
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A:
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According to Income Tax Act, the term "profit-seeking enterprise" as used refers to industrial, commercial, agricultural, forestry, fishing, animal husbandry, mining or metallurgical enterprises operated by public, private, or joint public and private interests and having a business name or place and organized in the form of sole proprietorship, partnership, company or in any other form of organization.
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Q:
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What is the coverage of income from sources in Taiwan are pursuant to Income Tax Act?
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A:
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The term "income from sources in Taiwan" used in this Act refers to income of the following categories:
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1.
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Dividends distributed by companies incorporated and registered in accordance with the Company Act and by foreign companies authorized by the government of Taiwan to operate in Taiwan.
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2.
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Profits distributed by profit-seeking enterprises organized in the form of a cooperative or a partnership in Taiwan.
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3.
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Remuneration for services rendered in Taiwan, provided that this shall not apply to remuneration obtained from an employer outside of Taiwan by an individual not residing in Taiwan but staying in Taiwan for a period of not more than ninety days during a taxable year.
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4.
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Interest obtained from governments of various levels of Taiwan, from juristic persons in Taiwan and from individuals residing in Taiwan.
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5.
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Rental obtained from lease of property situated in Taiwan.
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6.
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Royalty obtained from patents, trademarks, copyrights, secret formulas and franchises by virtue of their being made available for use by other persons in Taiwan.
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7.
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Profits from the transaction of properties in Taiwan.
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8.
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Remuneration for services performed by personnel sent abroad by the government of Taiwan on overseas missions and for services rendered abroad by employees in general.
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9.
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Profits from operation of industry, commerce, agriculture, forestry, fishery, animal husbandry, mining, and metallurgy enterprises in Taiwan.
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10.
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Awards or grants obtained from participating in various skill contests, games, or lotteries, etc. in Taiwan.
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11.
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Any other income obtained in Taiwan.
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Q:
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Is it necessary for Taiwan Employee’s Welfare Committee organized by profit-seeking enterprises to proceed tax return?
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A:
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From 1992, the employee’s welfare committee organized by profit-seeking enterprises in accordance with Employee’s Welfare Funds Act shall file the tax return pursuant to the article 71 in Income Tax Act.
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Q:
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Where to file the tax return of Profit-seeking Enterprises Income Tax?
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A:
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The form of tax return for the fiscal year of Profit-seeking enterprises in calendar year shall be submitted to Revenue Service Office at the place of residency from 1st to 31th of May annually.
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FAQ
