Newsletter
The MOF Released the Reference List of Low-Tax Burden Countries or Jurisdictions as Defined in the Taiwan CFC Rules
As the Taiwan CFC Rules are going to take effect on January 1, 2023, the Ministry of Finance (the "MOF") released a Reference List of Low-Tax Burden Countries or Jurisdictions (the "Reference List") on December 13th, 2022 pursuant to Paragraph 2, Article 43-3 of the Income Tax Act (the "ITA"), Paragraph 2, Article 12-1 of the Income Basic Tax Act, Article 4 of the Regulations Governing Application of Accrued Income from Controlled Foreign Company for Profit-Seeking Enterprise, and Article 4 of the Regulations Governing Application of Income Calculation from Controlled Foreign Company for Individual (hereinafter collectively referred to as the "CFC Regulations").
Anguilla
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Guernsey
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Principality of Andorra
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Republic of Paraguay
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Barbados
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Democratic Republic of Timor-Leste
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Principality of Liechtenstein
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Republic of the Marshall Islands
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Bermuda
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Hungary
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Republic of Bulgaria
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Republic of Vanuatu
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Bonaire, Sint
Eustatius and Saba
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Isle of Man
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Republic of Cyprus
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State of Qatar
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Bosnia and Herzegovina
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Jersey
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Republic of Kosovo
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Turks and Caicos Islands
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British Virgin Islands
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Kingdom of Bahrain
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Republic of Moldova
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Commonwealth of The Bahamas
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Cayman Islands
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Kyrgyz Republic
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Republic of North Macedonia
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Macao
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Republic of Palau
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Belize
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Kingdom of Eswatini
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Republic of El Salvador
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Reunion
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Brunei Darussalam
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Malaysia
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Republic of Guatemala
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Saint Barthelemy
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Curacao
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Martinique
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Republic ofGuinea-Bissau
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Saint Martin(French Part)
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DemocraticRepublic of theCongo
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Mayotte
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Republic ofHonduras
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Saint Pierre and Miquelon
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Federated Statesof Micronesia
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New Caledonia
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Republic of Kenya
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State of Eritrea
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French Guiana
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Oriental Republic of Uruguay
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Republic of Malawi
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State of Kuwait
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French Polynesia
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Palestine
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Republic of Namibia
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State of Libya
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French Republic
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Plurinational State of Bolivia
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Republic of Nauru
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Syrian ArabRepublic
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French Southern Territories
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Principality of
Monaco
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Republic of Nicaragua
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Tuvalu
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Georgia
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Republic of Botswana
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Republic of Niger
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United ArabEmirates
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Gibraltar
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Republic ofChad
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Republic of Panama
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Wallis andFutuna
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Guadeloupe
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Republic ofCosta Rica
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Republic of Seychelles
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Hong Kong
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Republic of Djibouti
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Republic of Singapore
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