Taiwan filing deadline for the 2022 income tax return is May 31, 20232023
Considering that the severity of COVID-19 decreased, and the pandemic prevention measures had been relaxed, the Ministry of Finance made a public announcement that the filing period for the 2022 income tax return remains the statutory filing period for one month (from May 1 to May 31, 2023).
Taiwan Tax 2018February 2018
Starting January 1, 2018 the top marginal income tax rate for residents is reduced from previous 45% to 40%.
Certain deductions amounts for individuals, e.g. standard deduction and disability deduction are increased compared to 2017.
The corporate income tax rate is increased from previous 17% to 20%.The tax rate for undistributed income is reduced from 10% to 5%.
Taiwan's Reduced 17% Corporate Tax RateJune 2010
Taiwan's parliament approved on May 28, 2010 a new reduced 17% corporate income tax rate, compared to the previous 20% rate.The amendment takes retroactive effect from 1.1.2010.
The present cut follows a previous cut, about a year ago, from 25% to 20%.
Taiwan Israel Double Taxation TreatyFebruary 2010
The double tax treaty between the two countries which was signed on 24/12/09 entered into force on January 1, 2010.
The double taxation treaty which is based on the OECD model includes, inter-alia ,maximum tax rates on certain income.
The maximum tax rate for dividends is 10%, 10% for interest (7% for interest paid to banks) and 10% for royalties.
The protocol includes a MFN, Most Favorable Nation directive.
According to the MFN directive if Taiwan signs a new tax treaty with any OECD country, imposing a lower rate than 10% on dividends and royalties, the new lower rate would be effective to Taiwan Israel tax treaty too.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.