This article takes a closer look at Taiwan’s controlled foreign corporation rules which was implemented since 1 January 2023 and seeks to prevent tax avoidance by taxing income earned by foreign entities controlled by Taiwanese residents.

The Inland Revenue of Authority disallowed the claims in 2020 on the basis that there was no conclusive evidence of a supply of the goods, and that these were not genuine business transactions. It is the first time a case on the rejection of input tax has been brought before the court.

Revenue Law — Goods and Services Tax (GST)

GST charged on the affected transactions ranged from below $1 to about $1,500.

Revenue Law — Income taxation

Revenue Law — Goods and Services Tax (GST)

Revenue Law — Goods and Services Tax (GST)

Revenue Law — Property tax

Criminal Law — Statutory offences

Revenue Law — Income taxation

Revenue Law — Income taxation

Revenue Law — Income taxation