On 15 May 2019, Taiwan's National Taxation Bureau of the Northern Area issued a release to remind businesses of optimized tax regulations.
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Businesses should note new tax optimization regulations
The National Taxation Bureau of the Northern Area (NTBNA), MOF, indicated that for the purpose of establishing a fair, reasonable, and competitive income tax system which is in line with international trends, the Income Tax Act was amended on February 7, 2018. Amendments related to profit-seek…