Taiwan Issues Release on Requirements for Scrapping Losses of Fixed Assets

Taiwan's Ministry of Finance has issued a release on requirements in relation to the declaration of scrapping losses for fixed assets that have not reached the end of their service life.

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National Taxation Bureau of Kaohsiung, Ministry of Finance indicated: for fixed assets that are destroyed or abandoned before reaching their service lives prescribed in the Table of Service Life of Fixed Assets due to specific incident, other than providing the report of the auditing and certification b…