Taiwan Company Name Registration: A Comprehensive Guide
4 minutes Are 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 minutes In 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.
Comprehensive Guide to Director Duties in Taiwan: Key Practices
2 minutes In 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.
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.
Paid-Up Capital in Taiwan: Key Insights for Business Owners
3 minutes Before delving into the specifics of paid-up capital in Taiwan, it’s crucial to grasp the broader concept of company capital and its significance in establishing and operating a business. This article aims to provide insights into the definition of company capital, regulatory conditions for its establishment, and the challenges associated with insufficient capital. Additionally, we will explore common questions related to company registration capital.
Discover the Benefits of Taiwan Technical Service Tax Refund
4 minutes In the current global business environment with frequent transactions and intense competition in pricing, enterprises must carefully calculate the related costs incurred in their dealings. According to the current tax regulations, foreign companies without a fixed place of business in Taiwan are subject to a withholding tax rate of up to 20% on income earned from services provided in Taiwan. In practice, the income withholding tax that should be borne by foreign companies is often shifted to Taiwanese companies during business negotiations, thereby increasing the transaction costs between Taiwanese companies and foreign companies.
Streamline Your Success: A Guide to Obtaining a Taiwan Business License
3 minutes Are you eager to kick-start your business venture in Taiwan? The process of obtaining a Taiwan business license may seem like a daunting task, but with the right guidance and insights, you can navigate this journey more smoothly. In this comprehensive guide, we’ll walk you through the crucial steps, requirements, and timelines for acquiring your Taiwan business license.
Unlocking Taxation Benefits: Withholding Tax on Taiwan Cross-Border Electronic Services
5 minutes In an era dominated by digitalization, cross-border electronic services have become a cornerstone of international trade and business growth. As the world relies more on digital transactions, it’s really important for international businesses to know how taxes work for online services.
This article will explain on the tax system on Taiwan cross-border electronic services and the reduction of withholding tax. It will help those foreign enterprises earning income from Taiwan buyers via online transactions.
A Comprehensive Guide to Taiwan Limited Company vs. Taiwan Limited Company by Shares
5 minutes Taiwan, known for its robust economy and strategic location in the Asia-Pacific region, has emerged as a highly attractive investment destination for foreign investors.
5+ Ways for Applying Taiwan Income Tax Refund: Ultimate Guide for Foreign Companies
4 minutes Foreign companies without a fixed place of business or a business agent in Taiwan should be aware of the taxation implications for the services provided both within and outside the territory of Taiwan. According to the Income Tax Act of Taiwan, the service income with its source in Taiwan shall be taxed at the applicable withholding tax rate of 20%. To understand how to apply for Taiwan income tax refund, please read on.
