Taiwan Clarifies Documentation Requirements When Paying Foreign Commissions

Taiwan's Ministry of Finance has issued a notice clarifying the supporting documentation requirements for profit-seeking enterprises when paying foreign commissions.

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Supporting Documents are Required when Paying Foreign Commissions in NTD in Taiwan

National Taxation Bureau of Taipei, Ministry of Finance (hereinafter referred to as the Bureau) stated that relevant documents, such as contracts signed by both parties, facts of intermediation, proof of foreign exchange settlements and ban…