Taiwan's Ministry of Finance has issued a notice on the net profit rate reduction for companies impacted by the COVID-19 pandemic that experienced a reduction in net operating income of at least 30% in 2022 as compared to 2021, 2020, or 2019. For qualifying companies that are eligible to apply a net profit rate, the standard net profit rate for the respective industry is reduced by 20% (i.e., 80% of the standard profit rate applies). For example, if the standard net profit rate is 6%, the ne…