Riding the Wave: The Growing Influence of E-Commerce in Taiwan
5 minutesIn recent years, Taiwan has witnessed a significant surge in the adoption and influence of e-commerce. As technology continues to reshape consumer behavior and business models worldwide, Taiwan stands at the forefront of this digital transformation. From bustling urban centers to remote rural areas, the convenience and accessibility of online shopping have permeated every corner of Taiwanese society. This article serves as an informative piece looking into the evolving landscape of e-commerce in Taiwan, exploring the key drivers behind its growth, the advantages it presents, and the opportunities it unlocks for businesses and consumers alike.
Boosting Business Profit with Strategic Use of Tax Treaties
5 minutesTo avoid double taxation and prevent tax evasion, Taiwan has signed tax treaties with multiple countries. If a profitable enterprise from a contracting country has business profits in Taiwan and is eligible for income tax reduction or exemption according to the tax treaty, it could prepare relevant documents and apply to the tax authority under the jurisdiction of the payer for approval of the reduction or exemption of income tax. For profitable enterprises from countries without tax treaties, if they receive similar service fees, the payer should withhold tax at the applicable rate of 20%.
Taiwan Company Name Registration: A Comprehensive Guide
4 minutesAre you considering starting a business in Taiwan? One of the initial steps you’ll need to take is registering your company name. This comprehensive guide will walk you through everything you need to know about registering a company name in Taiwan, from the importance of pre-checks to navigating company name regulations. Whether you’re a foreign investor or a local entrepreneur, understanding the process and regulations surrounding company name registration is crucial for a smooth and successful business setup.
Crucial Insights: Permanent Establishment Guidelines in Taiwan
3 minutesIn international taxation, the concept of Permanent Establishment (PE) holds significant importance on avoiding double taxation. A PE refers to a fixed place of business through which a foreign enterprise carries out its business activities in a jurisdiction, thereby subjecting it to taxation in that jurisdiction. Understanding PE criteria is essential for multinational enterprises (MNEs) operating in Taiwan to ensure compliance with tax regulations and mitigate potential risks.
Looking into the Income Tax Treaty between Taiwan and South Korea
4 minutesThe Taiwan-Korea Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion, effective January 1, 2024, marks the 35th comprehensive Income Tax Agreement for Taiwan.
Comprehensive Guide to Director Duties in Taiwan: Key Practices
2 minutesIn the dynamic corporate landscape of Taiwan, the inclusion of independent directorship in 2005 marked a significant turning point. This practice, influenced by global standards and legislation, aims to enhance board oversight and accountability. Let’s delve into the nuances of independent directors, exploring their necessity, qualifications, and the unique absence of “External Directors” in Taiwan.
Your Handbook to Doing Business in Taiwan
4 minutesEmbarking on the establishment of a company and navigating the realm of business operations in Taiwan might understandably stir up uncertainties for those venturing into entrepreneurship for the first time. However, armed with the right knowledge and a supportive network, these uncertainties need not be cause for undue concern. In the following article, we have assembled a collection of ten essential insights that lie at the heart of initiating a business venture. A solid foundation sets the stage for a promising journey ahead. So, without delay, let us jump right into these key points.
What are the Audit Report Requirement for Taiwan Companies: Expat Guide
3 minutesWhen establishing or operating a business in Taiwan as an expatriate, there are numerous legal and financial aspects to consider. One crucial requirement that companies should adhere to is the preparation and submission of audit reports. This guide will discuss the critical elements of audit requirements for Taiwan companies and provide expatriates with a comprehensive understanding of their responsibilities and obligations.
Exploring The Taiwan Startup Ecosystem: Unlocking Opportunities
4 minutesTaiwan is renowned for creating a supportive framework for startups. Business owners from different parts of the world start small here. To thrive as a new startup in Taiwan, you need to know about its ecosystem. That’s easier said than done. This piece will break down the Taiwan Startup Ecosystem and expose you to its opportunities.
Comprehensive Guide to Taiwan Tax Residency
5 minutesTaiwan, a rapidly developing country, offers a favorable business environment and high quality of life, supported by government financial incentives aimed at attracting foreign investors. These incentives include special tax treatments for individuals and companies establishing residence or operations in Taiwan. To fully benefit from these incentives, it is essential to understand the different tax residency categories in Taiwan.