PRIORTIES:The government is planning amendments to counter tax evasion and establish taxation precedents on cross-border e-commerce activities, Sheu Yu-jer said
Date: Jun 03, 2016
By: Ted Chen / Staff reporter
Minister of Finance (MOF) Sheu Yu-jer (許虞哲) yesterday told lawmakers that reassessing taxes on dividends is not among the government’s top priorities this year, and that no changes to the regime are to be implemented until next year.
Sheu made the remark during a question-and-answer session at the legislature during a meeting of the Finance Committee.
The comment came the day after Financial Supervisory Commission (FSC) Chairman Ding Kung-wha (丁克華) told the same committee that taxation is the purview of the Ministry of Finance.
“The ministry will begin assessing changes on dividend taxes and dividend-tax deductions in the second half,” Sheu said. “With public hearings on the matter scheduled to begin next month, it is not likely that changes will be implemented before the end of this year.” [FULL STORY]