Which Profit-Seeking Enterprises in Taiwan Must Appoint Certified Tax Agents for Corporate Income Tax Filing?
As of the Ministry of Finance’s latest update on August 1, 2024 (113/08/01 in ROC calendar), specific categories of profit-seeking enterprises in Taiwan are required to engage certified public accountants (CPAs) registered as tax agents to conduct audit and certification for corporate income tax filings.
Enterprises falling into the following categories must comply with the regulation.
- Financial institutions including banks, credit cooperatives, trust and investment companies, bill finance companies, financial leasing firms, securities firms (excluding investment advisors), futures companies, and insurance providers.
- Publicly listed companies.
- Businesses that benefit from income tax exemptions under former investment incentive acts or similar legislation, with combined net operating and non-operating income exceeding NTD 50 million annually.
- Enterprises undergoing income tax filings via merger procedures according to the Financial Holding Company Act, the Business Mergers and Acquisitions Act, or equivalent legal provisions.
- All other enterprises not covered above but with annual net operating and non-operating income exceeding NTD 100 million.
Failure to appoint a qualified CPA for audit certification may be subject to increased scrutiny by tax authorities.
This regulation, based on Article 102 of the Income Tax Act and related enforcement rules, aims to enhance compliance and transparency in corporate taxation. Enterprises are strongly encouraged to evaluate their financial scope and regulatory obligations, and to partner with licensed CPAs early in the tax reporting process to avoid penalties and ensure accurate submissions.
