The Taiwanese Ministry of Finance is reported to have issued a Ruling (No. 9604514330) regarding the application of the benefits of a tax treaty/arrangement to a Foreign Institutional Investor (FII).
According to the Ruling, an FII needs the local tax authority's prior approval before applying the reduced withholding tax (for instance on dividends) rate provided under a tax treaty/arrangement. In order to obtain the approval, an FII must present the certificate…