OHQ tax exemption rules clarified

The Regional Tax Commissioner of the National Tax Administration's northern region is reported to have issues a reminder to Operating Headquarters (OHQs) of multinational enterprises that in order for the OHQs to qualify for tax exemption, the OHQ's income must be from foreign associated enterprises (FAEs), which are either foreign subsidiaries or foreign branches listed in the approval letter issued by the Bureau of Industry of the Ministry of Economic Affairs (Bureau …