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2019-01-03

International


Chen & Wen, CPA Joins Abacus Worldwide, an International Association of Independent Accounting, Consulting and Legal Firms

JANUARY 1, 2019 & TAIPEI, TAIWAN – Chen & Wen, CPA is pleased to announce that the firm has been accepted as the newest Asia region member firm of Abacus Worldwide, a progressive international association of independent accounting, consulting and legal firms.

Through membership in Abacus Worldwide, Chen & Wen, CPA strongly enhances its ability to provide assistance, referrals and increased knowledge to clients with international business needs. In addition, clients of the firm will benefit directly from the relationships and resources that are exchanged between member firms of Abacus Worldwide. Similarly, Chen & Wen, CPA will provide other Abacus members with access to the firm’s expertise in Chen & Wen, CPA and to their vast knowledge of the Asia Pacific market.

“We are truly pleased to welcome Chen & Wen, CPA to membership in Abacus Worldwide,” says Julio Gabay, President and CEO of Abacus. “Abacus Worldwide member firms and their clients will gain immediate benefits from the knowledge and expertise that Chen & Wen, CPA can share globally about the intricacies of doing business in Taiwan.”

Abacus Worldwide is an international association of independent accounting, consulting and legal firms focused on connecting like-minded quality firms for the sole purpose of providing member firms with the knowledge and resources they need to grow in today’s multifaceted business environment. Abacus Worldwide aims to offer a cost effective and convenient resource to growing firms. Their goal is to assist member firms in meeting client needs locally and internationally by fostering connections with the right firms in the right locations.

For more information about Abacus Worldwide, visit the association website at www.abacusworldwide.org.
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2017-09-27

Thin Capitalization Rule has been adopted in Taiwan

As Article 43-2 of Income Tax Act has been amended since January 26, 2011, the excess interest expenditure on the debts owed directly or indirectly by a profit-seeking enterprise to a related party shall not be considered as expenses or losses if the proportion of related party debt to equity of a profit-seeking enterprise exceeds the specified ratio.
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Refund of VAT (Sales Tax) for Exhibition Related Activities in Taiwan


The Legislative Yuan approved a revision to the Income Tax Act on May 28, 2010  that cuts business income tax to 17 percent from 25 percent.
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