Taiwan's Ministry of Finance has issued a notice reminding profit-seeking enterprises to accurately calculate Controlled Foreign Corporation (CFC) profits, specifically highlighting the correct method for applying the TWD 7 million de minimis exemption.
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Profit-Seeking Enterprises Should Pay Attention to Calculation of Adjustment Items When Reporting CFC Profits.
The National Taxation Bureau of the Northern Area, MOF, stated that it has strengthened audits of Controlled Foreign Corpor…