Understanding Taiwan’s Zero-Rated Business Tax: Implications and Regulations
In Taiwan, the sale of goods or services, as well as the importation of goods, is subject to value-added or non-value-added business tax. Its fundamental nature is that of a “consumption tax,” meaning the concept of “the consumer pays the tax,” and not the common misconception that the company bears the tax burden. The business tax is also classified into different categories— “taxable,” “zero-rated,” and “exempt”—depending on the content and nature of the goods or services being sold.
Guide to Setting Up a Branch in Taiwan
Expanding your business into Taiwan can be a strategic move to tap into the thriving East Asian market. Taiwan, known for its robust economy, strategic location, and business-friendly environment, offers numerous advantages for foreign companies. This guide aims to provide a comprehensive overview of the essential steps and considerations for setting up a branch in Taiwan.