Taiwan's Ministry of Finance has issued a notice clarifying that unrealized foreign exchange gains and losses are excluded from the annual income tax return.
---
Unrealized Foreign Exchange Gains or Losses Are Exempt from Profit-Seeking Enterprise Income Tax
The National Taxation Bureau of Taipei (NTBT), Ministry of Finance, states that, differences between book value and year-end valuation on accounts receivable or accounts payable denominated in foreign currencies are unrealized exchan…