Taiwan's Ministry of Finance has issued a notice to clarify the current-year earnings exemption threshold under the CFC rules.
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Exemption Threshold of Accrued Income from Controlled Foreign Company for Profit-Seeking Enterprises.
The National Taxation Bureau of the Central Area, Ministry of Finance expressed that to prevent any multinational enterprise from establishing a controlled foreign company (CFC) with no substantial operating activities in a low-tax country or jurisdiction to …