Taiwan releases draft rules on controlled foreign company and place of effective management

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23 December 2016

Taiwan releases draft rules on controlled foreign company and place of effective management

Taiwan's Ministry of Finance released proposed regulations on November 9, on a controlled foreign company (CFC) and place of effective management (the PEM) introduced in July 2016. The proposed regulations aim to clarify the timing and amount of the CFC income inclusion, CFC earnings exemptions, and the filing and reporting obligation of the PEM.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-2216

Document ID: 2016-2216

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