Company Taxes in Taiwan? All of the information

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How are businesses in Taiwan taxed?

Companies in Taiwan are taxed under the corporate income tax system. Companies are taxed on their taxable profits, which are calculated by deducting eligible expenses from taxable income. Companies are taxed at a corporate income tax rate of 17%. Businesses can also be taxed on their non-taxable profits, which are calculated by deducting eligible expenses from non-taxable income. Companies are taxed at a corporate income tax rate of 5%. Businesses can also be taxed on their non-taxable profits, which are calculated by deducting eligible expenses from non-taxable income. Companies are taxed at a corporate income tax rate of 5%. Businesses can also be taxed on their non-taxable profits, which are calculated by deducting eligible expenses from non-taxable income. Companies are taxed at a corporate income tax rate of 5%. Businesses can also be taxed on their non-taxable profits, which are calculated by deducting eligible expenses from non-taxable income. Companies are taxed at a corporate income tax rate of 5%. Businesses can also be taxed on their non-taxable profits, which are calculated by deducting eligible expenses from non-taxable income. Companies are also subject to payroll and benefits taxes, which are calculated based on the salary and benefits paid to employees. Businesses are taxed at a payroll and benefits tax rate of 5%.

What are the corporate tax rates in Taiwan?

Corporate tax rates in Taiwan are set at 17% for taxable profits below NT$120 million and 20% for taxable profits above NT$120 million. Companies with taxable profits of less than NT$120 million are eligible for a 50% tax credit on their taxable profits. Companies with taxable profits over NT$120 million are eligible for a 40% tax credit on their taxable profits. Businesses with taxable profits over NT$1 billion are eligible for a 30% tax credit on their taxable profits.

What are the tax benefits for businesses in Taiwan?

Companies in Taiwan enjoy a number of tax advantages. Companies can benefit from a reduced tax rate on their profits, as well as a tax credit for capital expenditure and research and development. Companies can also benefit from a tax credit for training and recruitment expenses. Companies can also benefit from a tax credit for capital expenditures and equipment. Finally, companies can benefit from a tax credit for advertising and promotion expenses. These tax benefits can help businesses in Taiwan reduce costs and improve profitability.

How can companies in Taiwan reduce their taxes?

Companies in Taiwan can reduce their taxes by applying specific tax measures. These measures include tax reductions for companies investing in research and development projects, tax reductions for companies investing in sustainable development projects, tax reductions for companies investing in training and skills development projects, tax reductions for companies investing in technology modernization and upgrading projects, tax reductions for companies investing in infrastructure development projects and tax reductions for companies investing in rural development projects. In addition, companies can also benefit from tax reductions for companies that invest in projects to protect the environment and preserve natural resources.

What are the timelines and procedures for paying corporate taxes in Taiwan?

Companies in Taiwan are required to pay their taxes at the end of each fiscal year. Businesses must complete their tax return and profit and loss statement by March 31 of the following year. Companies must then pay their taxes within two months of the end of the financial year. Companies can pay their taxes online or by bank transfer. Companies must also provide proof of payment to the tax authorities. Companies that do not pay their taxes on time are subject to a penalty.

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