OrbitaxOrbitax

Taiwan Clarifies Tax Overpaid under Treaty not Deductible

|Approved Changes|Taiwan
Taiwan

On 25 February 2017, the Taiwan Ministry of Finance published a release advising taxpayers to pay attention to the correct amount of withholding tax rate relief available under tax treaties Taiwan has entered into, since Taiwan will not allow a deduction for overpaid foreign tax. The release references the 1999 tax agreement with Thailand for example, which provides a 5% rate on dividends if h…

Continue Reading