Taiwan MOF Explains Calculation of Basic Income Tax Deductions for Investments in Pharmaceutical Companies

March 18, 2022, 5:00 AM

The Taiwanese Ministry of Finance March 15 explained the rules for deductions on investments in pharmaceutical companies. The announcement explains that: 1) the amount deducted over a three-year holding period is included in the personal basic income for each year; 2) the deduction is limited to NT$5 million (US$175,114) per year; and 3) the basic tax rate is 20 percent, and the difference must be paid when the basic tax amount is higher than the general income tax amount. [Taiwan, Taxation Administration, 03/15/22]

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