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Taiwan – Donation Incentive to Sports Related Activities

Donation Incentive to Sports Related Activities

Donation Incentive to Sports Related Activities

In order to encourage professional sports business growing, government has provided benefit below:

For-profit enterprises that make donations to professional or amateur sports recognized by the Ministry of Education, when reporting income tax, within the donation amount of NTD 10 million, 150% of the donation amount could be deducted from the income from profit-making enterprises for the current year.

Besides, if the recipients are Ministry of Education specific sports business/hosts, 150% of the donation amount could be deducted, with no limitation of NTD 10 million.

Please note that if the recipients are enterprises’ related parties , or not the Ministry of Education announced sports business/hosts, 100% of the donation amount could be deducted with the limitation of NTD 10 million.