On 25 February 2017, the Taiwan Ministry of Finance published a release advising taxpayers to pay attention to the correct amount of withholding tax rate relief available under tax treaties Taiwan has entered into, since Taiwan will not allow a deduction for overpaid foreign tax. The release references the 1999 tax agreement with Thailand for example, which provides a 5% rate on dividends if holding at least 25% of the paying companies capital; otherwise 10%. In the event a Taiwan taxpayer m…