Taxes in Taiwan
As a result of improved regulation, businesses are taking their tax obligations more seriously. At our firm, we take the time to learn about the issues that are important to you or your company. We will then be able to assist you with all of your tax difficulties. Whether you’re an individual, a small business, an entrepreneur, or a multinational corporation, you’ll get the most effective tax solutions to help you achieve your objectives.
Tax solutions in Taiwan
We offer businesses, individuals, and organizations tax strategy, planning, and compliance services, as well as a wide range of business consulting services. As a result, we can assist you both locally and globally wherever you require tax advice.
Tax optimization
Tax optimization can have a significant impact on a business’s growth potential as well as its tax compliance efficiency. We not only find financial solutions to reduce financial gain tax obligations and set up proposed retirement plans; we also find financial solutions to reduce financial gain tax liabilities.
Tax consultation
Changes in tax law are kept up to date by our advisors. As a result, we assist taxpayers (individuals and businesses) in reducing their tax liability in the short and long term. We assist taxpayers in preparing tax returns and work with them throughout the year to reduce their tax liability.
VAT registration
VAT and legal responsibilities necessitate the analysis, assessments, and measurement of the risks associated with the company’s revenues and tax payments, which is a time-consuming procedure. A company might save hours by delegating the process to our VAT consultation.
Bookkeeping
While we manage all of the support functions, we make sure you stay focused on your business goals. Our professionals can assist you in navigating a foreign country’s financial rules. Our team in Taiwan provides a variety of financial, accounting, and bookkeeping services, including financial report generation, accounts payable and receivable planning, and forecasting.
Applying for tax return
Our tax professionals routinely prepare client tax returns or provide information and assistance to help customers prepare their taxes. We ensure that everything is done correctly and by the law.
Register as a taxpayer
The tax registration number also acts as a person’s unique financial identifier. Before applying for a tax number, it is important to know which category of taxpayer you fall into.
System of taxes and fees in Taiwan
At the national level, there are two types of taxes: customs duties and inland taxes. The Directorate-General of Customs, which has local offices all around the country, is in charge of customs duties. All inland taxes are overseen by five national tax administrations that are directly subservient to the central government. Income tax, state and gift tax, value-added and non-value-added business tax, tobacco and alcohol tax, commodity tax, securities transaction tax, and futures transaction tax are all examples of inland taxes.
Tax rates
The table below outlines several of the most prevalent types of taxes along with their corresponding rates.
| Tax | Tax Rate |
|---|---|
| VAT | 5% |
| Corporate income tax | 20% plus 5% surtax on undistributed earnings |
| Personal income tax | 5% – 40% |
| Dividend tax | 21% (non-residents); 28% (optional flat rate for residents); 8.5% tax credit option for residents |
| Capital Gains tax | 5% – 40% (under personal or corporate income tax) |
| Property tax | 1% – 5.5% for Land Value Tax; 20% – 40% for Land Value Increment Tax (LVIT); 1.2% – 3.6% for House Tax |
| Inheritance tax | 10% – 20% |
| International tax | 20% corporate income tax; 21% withholding tax on dividends; 15% – 20% withholding tax on interest and royalties |
| Cryptocurrency tax | 0% – 40% (Vary based on tax type and income) |
Request bookkeeping solution
We offer businesses, individuals, and organizations tax strategy, planning, and compliance services, as well as a wide range of business consulting services. As a result, we can assist you both locally and globally wherever you require tax advice.
Bookkeeping
We provide an excellent bookkeeping service. Contact us and submit your needs.
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Disclaimer
Tax laws and regulations are in a state of continual change and can differ depending on personal circumstances. The information presented here serves only as general guidance and may not represent the latest updates. It is strongly advised to seek advice from a qualified tax professional for specific and current information tailored to your situation.