Taiwan's Ministry of Finance has issued a notice to clarify that accumulated losses recorded in the CFC's accounts prior to the implementation of the CFC system (2023) may not be deducted when calculating the investment income of a CFC for the current year.
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When calculating the investment income of a CFC for the current year, the profit-seeking enterprise shall not deduct the accumulated losses recorded in the CFC's accounts prior to the implementation of the CFC system
The National …