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Taiwan to Subject Digital Sales by Foreign Companies to Corporate Tax

|Proposed Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance is reportedly planning to subject payments for digital services to corporate tax withholding when made to foreign companies without a fixed place of business within the territory of Taiwan. Affected payments would include those for streaming content, games, online advertisements, and other digital services, while payments for foreign-produced products or downloads would not be subject to tax.

The withholding would be based on a presumed profit margin of 30%, whic…

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