Taiwan Clarifies Requirement to Prepare Transfer Pricing Report or Substitute Documentation if Specified Conditions are Met

Taiwan's Ministry of Finance has issued a notice on the requirement to prepare a transfer pricing report or substitute documentation if specified conditions are met.

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Important Notice for Profit-Seeking Enterprises Preparing Transfer Pricing Reports

The National Taxation Bureau of Taipei, Ministry of Finance, stated that profit-seeking enterprises undertaking controlled transactions in 2024 shall prepare a transfer pricing report when filing their 2024 profit-seeking enterprise income…