The Taipei National Taxation Bureau of the Ministry of Finance stated that, in order to enhance Taiwan’s competitiveness in the global talent market and continue attracting foreign professionals to develop their careers in Taiwan, Article 20 of the Act for the Recruitment and Employment of Foreign Professionals provides a special tax incentive for qualifying foreign special professionals. Under this provision, a foreign special professional—officially recognized and announced by the competent central authority as possessing expertise needed in Taiwan—may be eligible for a five-year tax benefit. Specifically, if it is their first time being approved to work in Taiwan, and they reside in Taiwan for at least 183 days in a given tax year while earning more than NTD3 million in salary income, then 50% of the portion of their salary exceeding NTD3 million may be excluded from their taxable individual income.

Taipei City Hall alerted investors quoting the recent case that some original shareholders of limited companies reported their company registrations and seals were changed without permission. Please pay attention to these new fraud methods and be aware of followings to prevent scams: