On Jun. 12, 2025, TAI GVT reminded tax filing, payment deadline for 2024 extended to Jun. 30, 2025, and issued guidance to help businesses avoid underreporting.
Surplus retrieved from labor retirement reserve accounts due to company dissolution or lack of eligible employees must be reported as other income in the year received.
Income from exercising subrogation rights under the Securities and exchange act must be reported as other income, even if recorded as capital reserves in accounting books.
Overseas income from investments, interest, and asset sales must be reported, even if not subject to withholding; businesses should use financial institutions’ income reports.
Government subsidies and insurance compensation must be reported as income unless specifically tax-exempt, even if related losses or expenses are claimed.
Tax refunds for previously-expensed tax payments must be reversed in the original account or reported as non-operating income if received in a later year.
On Apr. 16, TAI GVT issued measures for taxpayers affected by tariffs.
TAI GVT, KH Tax guided on allowing taxpayers affected by US reciprocal tariff policies to apply for deferred or instalment tax payments, extend income tax filing period.
Follows White House Apr. 2025 EO to impose tariffs on trading partners, see #249574.
Tax Relief Measures
Taxpayers unable to pay taxes on time due to tariff-related impacts may apply for interest-free deferral or instalment payments under Article 26 of Tax collection act.
Maximum deferral period is 1 year, maximum instalment plan can extend up to 3 years; there is no limit on the amount of tax due for applying for deferral, instalment.
Taxpayers may qualify if they receive official assistance due to tariff effects, experience income loss, salary cuts, involuntary unemployment, or decreased working hours.
Eligible taxes include income, business, commodity, tobacco, alcohol, special goods, house, land, vehicle license taxes; property or transaction-based taxes are not eligible.
Extension of Income Tax Filing
TAI GVT extended 2024 income tax filing and payment period; filing/payment deadline for the 2024 tax year will be extended from May 1 - May 31, to May 1 - Jun. 30, 2025.
Revised deadlines for supporting documents include: data access from Apr. 28 to Jun. 30, 2025; individual taxpayers who file online must submit documents by Jul. 10.
Businesses, non-profits by Jul. 31 (or Jul. 30 if online); controlled foreign corporation (CFC)-related documents by Dec. 31; guides on business tax filings due in May.
Specifically, for those business tax filings due in May the deadline is extended by 30 days; CFC documentation must be submitted within 6 months from the new deadline.
In Apr. 2025, TAI GVT reminded taxpayers re income tax filing period, see #251957.
Apr. 25, 2025 Tax Refund
On Apr. 25, 2025, TAI GVT reminded taxpayers to provide bank account details during filing/reuse account information from previous year to ensure direct deposit of refund.
Those who do not provide a deposit account must collect their refunds manually.
Jun. 4, 2025 Tax Refund Directions
On Jun. 4, 2025, TAI GVT, TAI Justice issued Operation directions for regional national taxation bureaus of ministry of finance reviewing applications for tax refund of overpaid business tax from business entities affected by the US tariff policy.
Aimed at authorizing the regional taxation bureaus to assist in handling the case leniently without the need to report each case to the Ministry of finance for approval.
Applies to business entities who receive relief, subsidies, compensation, revitalization, assistance measures provided by the competent authorities due to the US tariff policy.
The cumulative amount of overpaid tax refunded is limited to NTD 300,000.
The directions come into force from Jun. 4, 2025.
Jun. 12, 2025 TAI GVT Reminder
On Jun. 12, 2025, TAI GVT reminded tax filing, payment deadline for 2024 extended to Jun. 30, 2025, and issued guidance to help businesses avoid underreporting.
Surplus retrieved from labor retirement reserve accounts due to company dissolution or lack of eligible employees must be reported as other income in the year received.
Income from exercising subrogation rights under the Securities and exchange act must be reported as other income, even if recorded as capital reserves in accounting books.
Overseas income from investments, interest, and asset sales must be reported, even if not subject to withholding; businesses should use financial institutions’ income reports.
Government subsidies and insurance compensation must be reported as income unless specifically tax-exempt, even if related losses or expenses are claimed.
Tax refunds for previously-expensed tax payments must be reversed in the original account or reported as non-operating income if received in a later year.
Regulators
TAI CA Tax; TAI GVT; TAI Justice; TAI KH Tax; TAI NA Tax; TAI SA Tax
