Q：
|
What is AMT(Alternative Minimum Tax)?
|
A：
|
The AMT is the excess of the tentative minimum tax over the regular tax, which is make the corporates with exemption of taxation or individuals with a higher income to pay the basic amount of taxes. The existence of AMT aims to make the capable taxpayers pay the taxes to maintain the balance of taxation of the country.
|
Q：
|
What is the name of bill for AMT in Taiwan?
|
A：
|
The bill of AMT is defined as “Basic Income Act”. The types of taxes affiliated with this act is defined as “Individual Income”; the least amount of taxation is defined as “Basic Tax”.
|
Q：
|
Who is the subject of AMT in Taiwan?
|
A：
|
The subject of AMT includes profit-seeking enterprises and individuals. But those who is not applicable to preferential taxation or which the amount of paid taxes is higher than AMT shall be excluded, the regulation is not applied to all citizens or corporations.
|
Q：
|
Which profit-seeking enterprises can be exempted from AMT in Taiwan?
|
|
A：
|
-
Without the privileges of deduction of taxation.
-
With the privileges of deduction of taxation, but the amount of paid taxes which is higher than the amount of basic taxes.
-
Small scale (Ex: Sole proprietorship, Partnership, Private Co-op.)
-
With lower profits (Ex: Basic income under TWD$500,000, liquidation, or bankruptcy.)
-
The institution of education, culture, public welfare, charity.
-
Each level of government entity.
-
Head office outside of territory of Republic of China and without a fixed business premises or agent.
|
Q：
|
How to declare AMT in Taiwan?
|
A：
|
The profit-seeking enterprises which is suitable for “Basic Income Act” shall proceed the declaration of basic taxes in the declaration of income taxes jointly.
|
FAQ
