INTEREST WORRIES: A Deloitte & Touche Taiwan tax specialist said that companies are looking for cash cows, but are still waiting for good opportunities in Taiwan
Taipei Times
Date: Sep 06, 2019
By: Kao Shih-ching / Staff reporter
The Ministry of Finance has received three applications since a repatriation bill took effect on Aug. 15, with one corporate applicant applying to repatriate more than NT$300 million (US$9.59 million), the ministry said yesterday.
The first two applications were submitted to the National Taxation Bureau of the Central Area last month, with one individual and a firm each seeking to repatriate tens of millions of New Taiwan dollars, the Taxation Administration told the Taipei Times.
The National Taxation Bureau of Taipei on Wednesday received the third application, with the applicant planning to spend some of the NT$300 million on domestic investment, Taipei bureau Director-General Hsu Tzu-mei (許慈美) said by telephone.
“It will take 10 days for the bureau to complete its review and decide whether to approve the applications,” Hsu said. [FULL STORY]