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Taiwan Notes Approval Requirements for Deductible Donations to Mainland China

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance has issued a notice explaining that in order to deduct donations made to mainland China, the deductions must be approved by the Mainland Affairs Council and certain other conditions must be met.

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Corporate Donations to Mainland China Require Approval Before Being Deductible as Expenses.

The Taichung Branch of the National Taxation Bureau of the Central Area,…

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