close
Share with your friends

Taiwan: Tax relief includes tax return filing, payment deferrals (COVID-19)

Taiwan: Tax relief includes tax return filing

The government of Taiwan announced measures providing a broad range of tax relief in response to the coronavirus (COVID-19) pandemic.

1000

Related content

Among the tax relief measures are:

  • Provisions allowing eligible business and individual taxpayers to apply to defer payments of a variety of taxes or to make tax payments in installments; the relief applies for tax payments due during the period 15 January 2020 through 30 June 2021—the tax return must still be filed by the applicable deadline.
  • Extension of tax filing and payment deadlines under special circumstances (e.g., quarantine or isolation of the taxpayer if an individual or, if a business, the person responsible for filing the return, the in-charge accounting or the business’s CPA), with regard to tax return filings or payments originally due during the period March to May 2020—the taxpayer is to attach certain evidence of the quarantine or isolation to the return that is filed under the rules for postponement.
  • A corporate income tax deduction of 200% on certain salary expenses of employees affected by COVID-19
  • Value added tax (VAT) and customs relief relating to certain medical supplies


Read a March 2020 report [PDF 264 KB] prepared by the KPMG member firm in Taiwan

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal