Taiwan’s taxation regime earns plaudits from EU

Taiwan News  
Date: 2017/12/07
By: Taiwan Today,Agencies

The government is committed to promoting fair and transparent taxation, and will continue working with its international partners to tackle evasion, fraud and money laundering around the world, the Ministry of Finance said Dec. 6 after Taiwan was not featured on the List of Non-cooperative Jurisdictions for Tax Purposes released the day before by the Council of the European Union.

Taiwan was among 92 countries and territories included in a review launched by the EU Code of Conduct Group in January this year aimed at fostering cooperation on fair taxation, taxation transparency and the implementation of measures to tackle base erosion and profit shifting (BEPS).

According to the MOF, upon receiving a request from the EU to participate in the study, the Cabinet instructed relevant agencies to fully comply by providing detailed information on the nation’s taxation regime. In its response in October, the EU commended the country’s measures in tackling avoidance and enhancing information transparency, the ministry said.    [FULL  STORY]