TAX Archives

[Taiwan]Taiwan’s Provisional Income Tax Q&A

August 4, 2023

Q1: What is the provisional income tax in Taiwan?
A: The provisional income tax can be translated as temporary or preliminary tax payment. It means temporarily paying a portion of taxes to the National Tax Bureau for the 1st half of the current year. The final tax settlement for the current year’s business income tax is conducted in May of the following year, and any excess payment made during the temporary payment season will be refunded, while any shortfall will need to be paid.

How a married couple file their income tax in Taiwan Q&A

October 7, 2022

According to Article 15 of the Income Tax Act, even if a couple lives in different places, their income must be reported jointly.

Singapore Corporate Tax Frequently Asked Questions

June 22, 2022

There is no dividend tax for Singapore companies. Once you have paid corporate income tax on the profits of your company, the post-tax profits can be distributed to shareholders tax free.

Subsidiary Corporate Tax Frequently Asked Questions

June 14, 2022

Singapore has a flat corporate income tax rate of 17%. For annual profits of up to S$300,000, tax incentives are available that make the effective corporate tax rate below 9% provided all eligible criteria set by the authority are met.

Proper Tax Filing in Hong Kong FAQ

June 10, 2022

THong Kong’s taxation period is from April 1st to March 31st of the following year. The types of tax returns that must be implemented in Hong Kong include employee registration reports, corporate income tax returns, and personal income tax returns.

Value-added tax (VAT) in Taiwan FAQ

June 3, 2022

Taiwan VAT is levied when goods or services are sold or imported within Taiwan.