On Jun. 5, TAI GVT issued rules for parent company, its subsidiaries.
TAI GVT and TAI TP Tax issued directions for parent companies and their subsidiaries that adopt the linked tax system to file the 2024 income tax return electronically.
Parent companies and their subsidiaries that are not adopting the linked tax system for the first year may file their 2024 corporate income tax return online from May 1, 2025.
Highlights of Directions
The consolidated declaration form, to be filed manually, the consolidated declaration verification report signed by the accountant, and the declaration form of each company should be submitted to the local tax collection office by Jun. 30, 2025.
For those adopting the linked tax system and wish to file tax return online, they should submit the the accountant certification reporting and verification report of individual reporting cases before Jul. 31, 2025 or submit via tax reporting software by Jul. 30.
Those failing to submit tax return according to the above directions on time will not be eligible for the profit and loss offset provisions under article 39 of the Income tax act.
