Taiwan - A Reminder for Foreign Tax Credit under the Relevant Provisions of the Tax Treaty

The National Taxation Bureau of the Southern Area, Ministry of Finance expressed that any profit-seeking enterprise having its head office within the territory of the Republic of China (hereinafter “R.O.C.”), who obtained income derived outside of the territory of the R.O.C. and was levied tax according to the tax act of the source  country, should pay close attention to whether the foreign income is applicable to the related provisions of the Tax Treaties or not, when filing income tax return and claiming the foreign tax credit. 

READ MORE HERE