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Taiwan Provides that Contributions/Donations to Non-Departmental Public Bodies are Fully Deductible

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance has issued Order No. 10700556910, dated 20 June 2018, which provides that contributions/donations made to non-departmental public bodies are fully deductible. Non-departmental public bodies are legal persons established by the government to carry out certain public projects but are not considered government agencies. As explained in a separate release, because contributions/donations to such public bodies support budget shortfalls and functions that benefit soci…

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