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Taiwan relaxes requirement to submit withholding tax statement from a Foreign Institutional Investor when applying ex-post for reduced tax rate in accordance with an income tax agreement

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  • Taiwan’s Ministry of Finance (MOF) issued a press release in September 2022 exempting a Foreign Institutional Investor (FINI) from providing physical withholding tax (WHT) statements when reclaiming its WHT refund.

  • This exemption is effective immediately.

  • The objective of this deregulation is to adapt to the e-filing environment and to reduce the administrative burden of a FINI.

Taiwan’s MOF issued a…

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