OrbitaxTaiwan Clarifies Conditions to Apply the Substantial Operating Activities Exemption Under the CFC rules
|Approved Changes|Taiwan
Taiwan's Ministry of Finance has issued a notice to clarify the conditions for an enterprise to apply the substantial operating activities exemption under the controlled foreign company (CFC) rules.
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Conditions for Profit-Seeking Enterprises to Apply for the Substantial Operating Activities Exemption under the CFC rules.
The National Taxation Bureau of the Northern Area, Ministry of Finance (NTBNA) stated that, to prevent profit-seeking enterprises from using Controlled Foreign Compan…