Premia TNC Taiwan Blog
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Explore enlightening pieces covering Accounting, Auditing, Company Incorporation, and more. Premia TNC is a one-stop consulting and accounting firm that provides services such as corporate establishment, corporate management, accounting settlement and audit, and tax advisory Taiwan and many other countries.
Premia TNC Taiwan Blog
1M ago
4 minutes Stamp tax is a type of documentary tax, meaning it is levied on specific documents. As long as a document is created within the territory of Taiwan, it is subject to stamp tax. There are many types of documents, such as contracts and receipts, but not every document requires stamp tax. The tax law lists specific documents that are subject to this tax. Common examples include paying stamp tax when signing a contract to buy a house.
The post Your Complete Guide to Taiwan Stamp Duty Regulations appeared first on Premia TNC ..read more
Premia TNC Taiwan Blog
2M ago
4 minutes In 2024, Taiwan's franchise opportunities are experiencing unprecedented growth, driven by the country's thriving economy, strategic location in Asia, and strong consumer appetite for diverse and innovative brands. From bustling food and beverage outlets to cutting-edge technology and electronics stores, the franchise landscape in Taiwan is expanding rapidly, attracting both local entrepreneurs and international investors. This article explores the popular franchise sectors fueling this boom, the distinct advantages of franchising in Taiwan, the essential steps to get started, and th ..read more
Premia TNC Taiwan Blog
4M ago
As Taiwan’s industries continue to innovate, there is a corresponding increase in technological competitiveness. To develop and enhance advanced process technology capabilities, Taiwanese businesses often collaborate with foreign enterprises to obtain or introduce patents and technology licenses owned by these foreign enterprises. Consequently, they need to pay substantial royalties or licensing fees. However, when foreign enterprises receive these royalties or licensing fees, they also encounter the situation where Taiwanese businesses withhold income tax at the time of payment.
Bo ..read more
Premia TNC Taiwan Blog
4M ago
Taiwan, known for its vibrant economy and dynamic business environment, offers unique opportunities for expats and investors alike. Understanding the tax landscape is essential for maximizing benefits and ensuring compliance. This article provides an in-depth overview of Taiwan’s tax system, covering the different types of taxes you may encounter, the current tax rates, the process for filing an income tax return, and potential tax deductions available to expatriates. Whether you are planning to relocate to Taiwan or looking to invest, this guide will help you navigate the complexities of ..read more
Premia TNC Taiwan Blog
5M ago
Overview of Taiwan’s E-commerce Landscape
Taiwan’s e-commerce industry has evolved into a dynamic market, driven by robust technological infrastructure and a digitally savvy population. This vibrant landscape hosts a variety of online retailers and platforms tailored to the diverse preferences of Taiwanese consumers. The growth is driven by high internet penetration rates, widespread smartphone usage, and efficient logistics networks ensuring rapid delivery.
Introduction to Taiwan’s Popular E-commerce Platforms
Among Taiwan’s numerous e-commerce platforms, several stand out for their succe ..read more
Premia TNC Taiwan Blog
6M ago
In recent years, Taiwan has witnessed a significant surge in the adoption and influence of e-commerce. As technology continues to reshape consumer behavior and business models worldwide, Taiwan stands at the forefront of this digital transformation. From bustling urban centers to remote rural areas, the convenience and accessibility of online shopping have permeated every corner of Taiwanese society. This article serves as an informative piece looking into the evolving landscape of e-commerce in Taiwan, exploring the key drivers behind its growth, the advantages it presents, and the opport ..read more
Premia TNC Taiwan Blog
6M ago
To avoid double taxation and prevent tax evasion, Taiwan has signed tax treaties with multiple countries. If a profitable enterprise from a contracting country has business profits in Taiwan and is eligible for income tax reduction or exemption according to the tax treaty, it could prepare relevant documents and apply to the tax authority under the jurisdiction of the payer for approval of the reduction or exemption of income tax. For profitable enterprises from countries without tax treaties, if they receive similar service fees, the payer should withhold tax at the applicable rate of 20 ..read more
Premia TNC Taiwan Blog
7M ago
Are you considering starting a business in Taiwan? One of the initial steps you’ll need to take is registering your company name. This comprehensive guide will walk you through everything you need to know about registering a company name in Taiwan, from the importance of pre-checks to navigating company name regulations. Whether you’re a foreign investor or a local entrepreneur, understanding the process and regulations surrounding company name registration is crucial for a smooth and successful business setup.
Book Your Free Incorporation Advisory Now!
Why Apply for a Company Name Pre-C ..read more
Premia TNC Taiwan Blog
8M ago
Introduction
In international taxation, the concept of Permanent Establishment (PE) holds significant importance on avoiding double taxation. A PE refers to a fixed place of business through which a foreign enterprise carries out its business activities in a jurisdiction, thereby subjecting it to taxation in that jurisdiction. Understanding PE criteria is essential for multinational enterprises (MNEs) operating in Taiwan to ensure compliance with tax regulations and mitigate potential risks.
Book Your Free Taxation Advisory Now!
Definition of Permanent Establishment in Taiwan
A Permanent ..read more
Premia TNC Taiwan Blog
8M ago
Income Tax Treaty between Taiwan and South Korea Affective in 2024
The Taiwan-Korea Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion, effective January 1, 2024, marks the 35th comprehensive Income Tax Agreement for Taiwan. This agreement, signed on November 17, 2021, facilitates a reduced withholding tax rate to 10% for dividends, interest, and royalties, offering tax exemption for specific business profits and independent personal services. With 29 articles, it provides a robust framework for tax reduction, administrative cooperation, and dispute resolut ..read more