Best Tax Lawyers in Taiwan

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Perkins Coie LLP

Perkins Coie LLP

Taipei, Taiwan

Founded in 1912
2,875 people in their team
Perkins Coie is a leading international law firm that is known for providing high value, strategic solutions and extraordinary client service on...
English

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About Tax Law in Taiwan

Tax laws in Taiwan are governed by the National Taxation Bureau under the Ministry of Finance. The taxation system in Taiwan is complex and understanding the laws related to taxation can be challenging for individuals and businesses. Tax laws in Taiwan cover various aspects such as income tax, value-added tax, business tax, and inheritance tax.

Why You May Need a Lawyer

There are several situations where you may need a lawyer specializing in tax law in Taiwan. Some common reasons include disputes with tax authorities, filing taxes for cross-border transactions, understanding the tax implications of investments, and navigating complex tax laws related to business operations.

Local Laws Overview

Key aspects of tax laws in Taiwan include progressive taxation rates for individuals, a 20% flat rate for corporate income tax, a value-added tax rate of 5%, and various tax incentives for certain industries. Understanding these laws and regulations is essential to comply with tax requirements in Taiwan.

Frequently Asked Questions

1. What is the tax year in Taiwan?

The tax year in Taiwan is the same as the calendar year, running from January 1st to December 31st.

2. Are foreigners in Taiwan subject to income tax?

Foreigners in Taiwan are subject to income tax on their income earned in Taiwan. The tax rates may vary depending on the type of income and residency status.

3. How can I apply for tax deductions in Taiwan?

You can apply for tax deductions in Taiwan by submitting the relevant documents to the National Taxation Bureau during the tax filing period.

4. What are the penalties for tax evasion in Taiwan?

Penalties for tax evasion in Taiwan include fines, imprisonment, and additional taxes owed. It is important to comply with tax laws to avoid these consequences.

5. Can I appeal a tax assessment in Taiwan?

Yes, you can appeal a tax assessment in Taiwan by filing an appeal with the National Taxation Bureau within a specified period after receiving the assessment.

6. Are there any tax incentives for businesses in Taiwan?

Yes, there are tax incentives available for certain industries in Taiwan, such as the high-tech industry, green energy sector, and research and development activities.

7. How is inheritance tax calculated in Taiwan?

Inheritance tax in Taiwan is calculated based on the value of the inherited property and the relationship between the deceased and the heir. The tax rates may vary depending on these factors.

8. Can I file my taxes online in Taiwan?

Yes, you can file your taxes online in Taiwan through the e-filing system provided by the National Taxation Bureau.

9. Do I need to report foreign income in Taiwan?

Yes, you are required to report foreign income in Taiwan if you are a resident or citizen of Taiwan. Failure to do so may result in penalties.

10. How can I find a tax lawyer in Taiwan?

You can find a tax lawyer in Taiwan by contacting the Taiwan Bar Association or seeking recommendations from other legal professionals.

Additional Resources

For more information on tax laws in Taiwan, you can visit the official website of the National Taxation Bureau or contact the Taiwan Bar Association for legal advice related to taxation.

Next Steps

If you require legal assistance in tax matters in Taiwan, it is advisable to consult with a qualified tax lawyer who can provide guidance and representation in dealing with tax issues effectively.

Disclaimer:
The information provided on this page is intended for informational purposes only and should not be construed as legal advice. While we strive to present accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or currentness of the content. Laws and regulations can change frequently, and interpretations of the law can vary. Therefore, you should consult with qualified legal professionals for specific advice tailored to your situation. We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated, please contact us, and we will make efforts to rectify it.