Taiwan Notes Approval Requirements for Deductible Donations to Mainland China

Taiwan's Ministry of Finance has issued a notice explaining that in order to deduct donations made to mainland China, the deductions must be approved by the Mainland Affairs Council and certain other conditions must be met.

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Corporate Donations to Mainland China Require Approval Before Being Deductible as Expenses.

The Taichung Branch of the National Taxation Bureau of the Central Area, Ministry of Finance, stated that, in accordance with Article 79 of the Regulations Governing Assess…