Taiwan increases withholding tax rate for nonresident recipients without fixed place of business in Taiwan

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11 January 2018

Taiwan increases withholding tax rate for nonresident recipients without fixed place of business in Taiwan

Taiwan's Ministry of Finance (the MOF) on December 29, 2017, announced that the standard dividend withholding tax rate for nonresident recipients was increased to 21% from 20%. The increase is part of the tax reform proposal announced by the MOF on September 1, 2017. The change is effective for dividends received on or after January 1, 2018.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0083

Document ID: 2018-0083

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