Taiwan Withholding Tax Guide For Non-Resident Payees
4 minutes Taiwan, also known as the Republic of China, is one of the most popular and most visited places in Asia. This country is found in East Asia and has a reasonable population of 23.7 million. Most people that visit Taiwan do so either to explore the beautiful landscape in the region or for business. If you’re visiting Taiwan to do business, you’d need a visa to perform such activities. Before you begin your visa application, there are a few things you need to know. This guide will reveal all the essential details on business visas in Taiwan.
A Detailed Guide On Taiwan Corporate Income Tax
4 minutes Setting up a company in Taiwan is relatively easy, and the region has plenty of resources to support your growth. It’s even one of the regions worldwide that have a generally favorable taxation system. But every company in the area has to comply with the policies of the Taiwan government, especially regulations relating to taxation. As a result, you need to learn about taxation legislation in Taiwan to ensure that your company stays compliant with government laws. This piece will reveal essential details about Taiwan Corporate Income Tax.
An Overview of Taxation on Service Income & Business Profit in Taiwan
4 minutes Under existing tax regulations, foreign companies without a fixed place of business in Taiwan are liable to face a withholding tax rate of up to 20% on income derived from services rendered in Taiwan. However, foreign companies, including cross-border electronic services businesses, obtaining service income or business profit from Taiwan sources may apply to tax authorities for the approval of the applicable net profit rate and domestic profit contribution ratio. This is used to calculate the taxable income and the corresponding withholding tax.
The Ultimate Guide of Tax Refund in Taiwan For Foreign Workers
4 minutes Businesses and entrepreneurs around the world are considering moving to Taiwan due to its robust economy. The quick economic reforms in the 70s, which were regarded as the “Taiwan Miracle,” quickly made the region a developed economy. Today, Taiwan ranks 15th in the global ease of doing business charts and ranks as the 8th largest Asian economy and 18th largest in the world. Taiwan is in the advanced economic group and the high-income’s group in the World Bank. With the region’s effort to improve the service-oriented industry and attempts to diversify its trade markets, the environment is even better. Taiwan has a well thought out economic policy system, an indirect tax system, and some quite appealing terms, like the tax refund in Taiwan for foreign workers.
The Complete Guide to Taiwan GUI
4 minutes What is a Taiwan GUI (Government Uniform Invoice)? All VAT-registered merchants in Taiwan must apply for the government’s preprinted invoice books. In general, only books printed by the government may be used to send invoices to clients. A corporation must request government pre-approval if it wants to use self-printed invoices. Any authorized self-printed invoice must be assigned a unique serial number.
Taiwan Tax Filling: Everything You Should Know About Taiwan’s Tax Filling
4 minutes If you find yourself reading this post, it’s probably because you want to know more about Taiwan tax filing. Look no further; you’re already in the right place. This post will discuss everything you need to know about tax filing in Taiwan. Taiwan’s lowest individual tax level (5 percent) is one of the lowest globally. However, many expats and businesses in Taiwan may be curious about the Taiwan tax rate.
Wondering How to Do Business in Taiwan as a Foreigner? Here’s how!
5 minutes Taiwan exists as an island close to China but is not a part of it. Often, people hear of Taiwan in newscasts, making them remember the product labels bearing its name. For some foreigners, this is enough to make them start thinking about how to do business in Taiwan.
Navigating Business Transactions: When to Issue Invoices in Taiwan
4 minutes Issuing a special Government Uniform Invoice is mandatory for taxpayers upon supply or, if applicable, upon cash advance, whichever occurs first.
VAT invoices must contain the following details:
Tips on How to Open a Bank Account in Taiwan as a Foreigner
4 minutes Whether you are a citizen, tourist, immigrant, resident, or a foreigner, a Taiwanese bank account is essential to get your financial transactions done on a daily basis. Open bank account in Taiwan involves all the legal documentation and applications to get a working bank account. If you’re a foreigner and would be aspiring to launch a business in Taiwan, read this article to the end to see the steps involved in corporate bank account opening in Taiwan.
Points to Consider Before Starting a Business in Taiwan
5 minutes Taiwan has evolved to become a perfect business place in Southeast Asia through the years. With a 90% confident rating in a 2021 survey, starting a business in Taiwan indeed looks good! Perhaps, this is because the country offers a list of advantages that include its educated workforce, geographical location, a sturdy legal environment, excellent infrastructure, and a robust IT cluster.
