Corporate income tax solutions in Taiwan
Handling corporate income tax is an essential part of a business’s financial duties in Taiwan. It demands a solid grasp of intricate regulations and meticulous attention. We emphasize assisting businesses in confidently addressing these challenges, ensuring compliance while uncovering chances for tax optimization. By prioritizing precision and strategic insight, we enable companies to fulfill their tax responsibilities efficiently and effectively, offering reassurance in a continuously changing tax environment.
Corporate income tax rate
Taiwan applies a corporate income tax rate of 20% on both resident and non-resident companies, along with a 5% surtax on earnings that are not distributed. Foreign company branches are subject to a 20% tax but do not incur the surtax.
Our corporate income tax services
We provide an extensive range of services aimed at helping businesses manage the intricacies of corporate income tax in Taiwan. Our objective is to guarantee complete compliance while enhancing your tax situation, enabling you to concentrate on expanding your business. Our offerings include:
Corporate income tax compliance
Our Corporate Income Tax Compliance services guarantee that your tax returns are prepared correctly and submitted punctually, in full compliance with both local and international tax laws. We assist you throughout the entire procedure, offering professional guidance on the essential documents and timelines for tax submissions. This helps ensure your business stays compliant, reducing the chances of facing penalties and other tax-related challenges.
Corporate income tax planning
We provide Corporate Tax Planning services designed to create tax-efficient strategies that reduce your tax obligations. Our team collaborates with you to pinpoint and take advantage of all existing credits, deductions, and exemptions. Additionally, we support you in organizing your annual and quarterly tax estimates and payments, making sure that your tax strategy is both compliant and in harmony with your overall financial goals.
Corporate income tax accounting
In Corporate Income Tax Accounting, we offer extensive assistance with the calculation of both current and deferred tax obligations. Our services ensure that your financial reporting adheres to accounting standards like IFRS and GAAP. Additionally, we manage the reconciliation of tax accounts with the balances in your general ledger, delivering precise and clear financial statements that accurately represent your company’s actual financial status.
Tax audits and representation
If your business faces a tax audit, our Tax Audits and Representation services are available to assist you. We help in compiling all required documentation and represent you in negotiations and dispute resolutions with Taiwan tax authorities. Furthermore, we conduct pre-audit reviews to pinpoint and resolve any possible compliance issues before they escalate into serious problems, ensuring your business is adequately prepared for any examination.
State and local corporate income tax compliance
For companies functioning in various jurisdictions, our State and Local Corporate Tax Compliance services guarantee effective management of your multi-jurisdictional tax filings and payments. We offer comprehensive advice on adhering to specific state and local tax laws and regulations, including information on nexus and state tax duties. This support enables you to confidently navigate the intricate world of state and local taxation.
International corporate income tax advisory
We provide an international corporate tax advisory service designed to assist businesses with global operations in understanding the intricacies of international taxation. Our team offers strategic advice on cross-border transactions, transfer pricing, and leveraging tax treaty benefits to ensure your worldwide operations are both compliant and tax-efficient. We offer expert support in organizing your international business activities to maximize tax outcomes, focusing on essential aspects like permanent establishment risks, profit repatriation, and foreign tax credit management. This service is perfect for companies aiming to grow their global presence while effectively handling their international corporate tax responsibilities.
Corporate income tax system
Grasping the complexities of Taiwan’s corporate income tax system is crucial for any business operating within or outside the jurisdiction. Our expertise offers a thorough understanding of the functioning of the tax system, including the criteria for the application of corporate income tax. We assist you in navigating the various thresholds, exemptions, and specific regulations that shape Taiwan’s tax environment, helping to ensure your business remains compliant while strategically enhancing tax efficiency. By achieving a clear understanding of the corporate income tax system, you will be well-prepared to make informed decisions that align with your company’s financial objectives and reduce potential tax liabilities.
Contact us
To learn more about our corporate income tax services or to talk about how we can help, get in touch with us.
Disclaimer
Tax laws and regulations are continually evolving and can differ depending on individual situations. The information presented here is intended for general guidance and may not represent the latest updates. It is strongly advised to seek the assistance of a qualified tax professional for personalized and current advice tailored to your circumstances.