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Taiwan Clarifies Requirements to Claim Expense or Loss in Case of Theft

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance has issued a notice that clarifies the certification document requirements for claiming an expense or loss in case of theft.

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Profit-seeking enterprises shall obtain the certification documents required by the tax law in case of loss from theft

National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance, stated that in cases where profit-seeking enterprises incur losses due to theft that cannot be recovered, the portion which is not covered b…

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