Taiwan's Ministry of Finance has published a release clarifying the required deduction of exempt investment (dividend) income from carried-forward losses.
The release includes that as per standard rules, net operating losses may be carried forward for up to ten years for offset against net profit, provided that the taxpayer uses a so-called blue return, or the return is certified by an accountant. However, if the taxpayer has investment income that has not been included in taxable income i…