Professional Accounting Service


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.

The new rate will take effect retroactively from the beginning of this (2010) year, according to the revision.

The revision is aimed at encouraging Taiwanese businessmen overseas to relocate to Taiwan and foreign investors to set up branches in Taiwan.

With the tax reduction, Taiwan is in a better position in terms of being an attractive destination for both foreign and local investors.

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