Taiwan Clarifies Collateral Provided to Lift Travel Restrictions for Outstanding Tax Debts Will Not be Returned Until the Taxes Are Paid

Taiwan's Ministry of Finance has issued a notice clarifying that when collateral is provided to lift travel (exit) restrictions in the case of outstanding tax debts, the collateral will not be returned until the taxes are paid.

---

Collateral Provided for Lifting Exit Restrictions Cannot Be Returned Until Tax Arrears Are Paid

The National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance, states that if taxpayers or profit-making enterprises provide adequate collateral an…