On 31 August 2020, Taiwan's Ministry of Finance issued a reminder for profit-seeking enterprises to timely file their tax returns to avoid surcharges.
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Profit-seeking enterprises should file annual income tax returns within the prescribed period to avoid delinquent reporting surcharges.
The National Taxation Bureau of the Central Area (NTBCA), M.O.F. indicates that according to the Income Tax Act, where a profit-seeking enterprise fails to file an annual income tax return within the pr…