Taiwan Notice on Travel Restrictions for Directors of Companies with Outstanding Tax Debt

Taiwan's Ministry of Finance recently issued a notice on the travel restrictions that may be imposed on the directors of companies with outstanding tax debts, including in cases of company liquidation.

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Directors Restricted from Travel Abroad Due to Company's Tax Debt

In an example given by the National Taxation Bureau of the Northern Area (NTBNA), MOF, that Mr. A, a director of Company A, took advantage of the consecutive holidays to arrange a long-awaited trip abroad as the epidemic…