Holly Chu

On 14 January 2022, Taiwan’s Executive Yuan announced that controlled foreign company (CFC) rules will come into force in 2023 in response to Pillar Two of the OECD’s Global Anti-Base Erosion (GloBE) Proposal.

On 23 December 2020, the Taiwanese Supreme Administrative Court issued judgement in case (109) Pan Tzu No. 661, concerning one-off adjustments to sales prices.

On 18 August 2020, the Taiwan Ministry of Finance (MOF) announced draft amendments to the Regulations Governing Assessment of Profit-Seeking Enterprise Income Tax on NonArm’s-Length Transfer Pricing (TP Assessment Rules).