Taiwan Ministry of Finance Explains Claw Back of Retained Earnings Tax Incentive if Invested Assets Transferred or Sold within Three Years

Taiwan's Ministry of Finance has published a notice explaining that when an enterprise uses surplus (retained/undistributed) earnings to invest in qualifying assets under Article 23-3 of the Statute for Industrial Innovation and subsequently transfers or sells the invested assets within three years, the tax benefit under Article 23-3 will be clawed back. Article 23-3 provides for a reduction o…
Continue Reading