Taiwan's Ministry of Finance has issued a notice on required proof when declaring losses for the disposal of goods that have expired, deteriorated, been damaged, etc.
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Profit-seeking enterprises should provide proof documents when declaring losses of disposal from the goods, raw materials, materials, or work-in-progress.
The National Taxation Bureau of the Northern Area (NTBNA), M.O.F., stated that pursuant to Article 101-1 of the Regulations Governing Assessment of Profit-Seeking Ent…