Taiwan's Ministry of Finance has issued a notice to clarify that when determining whether a foreign enterprise in a low-tax jurisdiction is a controlled foreign company (CFC), direct or indirect holdings by related parties must be considered.
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Profit-seeking Enterprises Should Consider the Shares or Capital Ratios Held by Related Parties when Examining Controlled Foreign Companies Invested in Foreign Low-Tax Jurisdictions
The National Taxation Bureau of Taipei, Ministry of Finance st…