OrbitaxTaiwan Clarifies Only Realized Foreign Exchange Gains and Losses Recognized
|Approved Changes|Taiwan
Taiwan's Ministry of Finance has issued a notice to clarify that only realized foreign exchange gains and losses may be recognized.
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Profit-seeking enterprises may only recognize realized foreign exchange gains and losses
The National Taxation Bureau of Taipei, Ministry of Finance, stated that profit-seeking enterprises may only recognize realized foreign exchange gains and losses for tax purposes. Book differences arising solely from exchange rate adjustments do not constitute actual…