Taiwan's Ministry of Finance has announced that subsidies received by companies impacted by COVID-19 are exempt from income tax.
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Profit-seeking Enterprises Affected by COVID-19 Are Exempt from Income Tax on Subsidies Provided by the Government.
Minxiong Office, National Taxation Bureau of the Southern Area, Ministry of Finance indicated that, in accordance with Article 9-1 of the Special Act for Prevention, Relief and Revitalization Measures for Severe Pneumonia with Novel Pathogens (…