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  • 2021-05-11

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2021/01 Taxation Important Measures

1.
Issuance of Explanatory Decree No. 10900652180 by the MOF on 4 January 2021:
The interpretive rule pursuant to Article 9 of the “Land Tax Act” and Article 5 of the “House Tax Act,” which stipulates the requirements that the taxation of land value tax or house tax on the land or house held in a testamentary trust may be subject to the tax rates for self-use residence, has been issued.

2.
Issuance of Decree No. 10904706660 by the MOF on 11 January 2021:
The amendment to the “Regulations Governing Anti-Money Laundering and Counter-Terrorist Financing for Certified Public Bookkeepers and Bookkeeping and Tax Return Filing Agents” has been issued.

3.
Issuance of Decree No. 11004507920 by the MOF on 15 January 2021:
“The Table of the Index of Wholesale Prices and Multiples of Values Used for Asset Revaluation in Taiwan Territory of the R.O.C., which Applies to Profit-Seeking Enterprises in Handling Asset Revaluation” has been issued.

4.
Issuance of Explanatory Decree No. 11004506170 by the MOF on 15 January 2021:
For the purpose of filing individual consolidated income tax for the 2020 taxable year, the rate of exchange between the NTD and the CNY is set at 4.2607:1.

5.
Issuance of Decree No. 10904682361 by the MOF on 19 January 2021:
“The Standards for Costs and Necessary Expenses on Revenues from Self-undertaking in Farming, Fishing, Animal Husbandry, and Forestry Businesses for the 2020 Taxable Year” has been issued.

6.
Issuance of Decree No. 10904682360 by the MOF on 19 January 2021:
“The Standards for Necessary Losses and Expenses from Leasing Property for the 2020 Taxable Year” has been issued.

7.
Issuance of Decree Hua-Zong-I-Jing No. 11000003461 by the President on 20 January 2021:
The amendment to Article 17 of the “Income Tax Act” has been promulgated.

8.
Issuance of Decree Hua-Zong-I-Jing No. 11000003471 by the President on 20 January 2021:
The amendment to Article 17 of the “Estate and Gift Tax Act” has been promulgated.

9.
Issuance of Decree No. 10900724210 by the MOF on 21 January 2021: 
The revisions on Paragraph 4 and Paragraph 5 of “The Guidelines for Information Service Provided by the Tax Collection Authority on Income and Deductions Data Inquired by Taxpayers During the Period of Filing Income Tax Return” have been issued.

10.
Issuance of Decree No. 10900718180 by the MOF on 25 January 2021: 
The revisions on Paragraph 10, Paragraph 13, and Paragraph 14 of “The Guidelines for Electronic-Filing of Individual Consolidated Income Tax Returns for Aliens” have been issued.

11.
Issuance of Explanatory Decree No. 10904029800 by the MOF on 26 January 2021:
An explanation of Article 24 of the “Income Tax Act”, which stipulates relevant rules on “Vouchers Should be Attached to Relevant for Profit-Seeking Enterprises to Report Transportation Expenses for International Flights” has been issued.

12.
Issuance of Decree No. 10900721960 by the MOF on 26 January 2021: 
The revisions on partial provisions of the “Directions for Electronic-Filing of Individual Consolidated Income Tax Returns” have been issued.

13.
Issuance of Decree No. 10900697360 by the MOF on 26 January 2021:
“The Essentials of the Implementation of the Expanding of Paper Examinations Relating to Profit-Seeking Enterprise Income Tax Returns for the 2020 Taxable Year” has been issued.

14.
Issuance of Decree Hua-Zong-I-Jing No. 11000006931 by the President on 27 January 2021:
The amendments to Article 12 and 18 of the “Income Basic Tax Act” have been promulgated.

15.
Issuance of Decree No. 11000501100 by the MOF on 29 January 2021:
An amendment to delete Paragraph 2 of the explanatory Decree No. 0920450239 on 12 February 2003 has been issued and became effective on 31 December 2020.

16.
Issuance of Decree No. 11020031731 by the MOC and No. 11004513380 by the MOF on 29 January 2021:
The amendment to the “Regulations for Reducing Business and Entertainment Taxes for Cultural and Arts-related Enterprises” has been issued.

Issued:Tax Collection Adminisrative Division Release date:2021-03-02 Last updated:2021-03-02