The Ministry of Finance on 13 April 2020 announced that tax return filing and tax payment deadlines for corporate and individual income tax purposes are postponed to 30 June 2020 in response to the coronavirus (COVID-19) pandemic.
Corporate income tax returns and payments were originally due 1 May 2020 through 1 June 2020. Individual income tax returns and payments were originally due 1 June 2020.
These returns and tax payments now are extended to 30 June 2020 and will not be subject to interest or penalties for late filing or late payment. The extension is applicable for all taxpayers, and no prior application is required.
Taxpayers still encountering difficulties to make tax payments by the 30 June 2020 deadline may still apply for a deferral of tax or apply to make payments in installments pursuant to special guidelines issued by the Ministry of Finance in March 2020. Tax payment deferrals may be granted for up to one year, and installment payments of tax may be allowed for up to three years without late-payment interest or penalties. For this relief, an application must be filed (along with supporting documents) before the deadline for filing the tax return.
Read an April 2020 report [PDF 217 KB] prepared by the KPMG member firm in Taiwan
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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.