Corporate income tax (or ‘profit-seeking enterprise income tax’) is levied by Taiwan on all registered profit-seeking enterprises including companies, sole proprietors, partnerships and other forms of business organisations that are for profit.
Both foreign and locally owned firms operating within Taiwan and which are classed as profit-seeking enterprises are subject to the following tax rates:
- For taxable incomes NT$120 000 or less, no income tax liability is incurred.
- For taxable incomes above NT$120 000 the tax payable is 17 per cent of total taxable income to a maximum not exceeding 50 per cent of the portion of taxable income in excess of NT$120 000.
Income tax law is complex and there are implications for resident and non-resident tax-payers. You should contact a tax consultant or authority to determine your own particular circumstances. For more information, visit National Taxation Bureau of Taipei.