Taiwan's Ministry of Finance issued a notice on 3 August 2022 that provides guidance on limits for claiming foreign tax credits.
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The Amount of Foreign Tax Credit Shall Not Exceed the Limitation
The National Taxation Bureau of the Southern Area, Ministry of Finance expressed that the profit-seeking enterprise with its head office in the territory of the Republic of China (R.O.C.) shall file the profit-seeking enterprise income tax return for all its income derived within or without th…