Taiwan's Ministry of Finance has issued a notice on the deduction of exempt dividends and earnings against losses carried forward. Under Article 42 of the Income Tax Act, dividends or earnings received by a profit-seeking enterprise from its investment in another domestic profit-seeking enterprise shall not be included in its taxable income (i.e., exempted).
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The Tax Free Dividends or Earnings, Exempted in Article 42 of Income Tax Act in the Loss Occurred Year Should Be Deducted to Get …