Taiwan Guidance on Recognition of Foreign Currency Exchange Gains and Losses

Taiwan's Ministry of Finance has issued a release providing guidance on the recognition of foreign currency exchange gains and losses.

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Recognition Regulations for Foreign Currency Exchange Gains and Losses of Profit-seeking Enterprises

The National Taxation Bureau of the Northern Area (NTBNA), MOF, stated that if the transaction engaged in by a profit-seeking enterprise involves foreign currency, and the receipt and payment are made through the company's foreign exchange deposit acco…