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Taiwan Notice on Treatment of Accrued Expenses Exceeding the Statute of Limitations for Claims that Remain Unpaid

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance has issued a notice providing guidance on the treatment of accrued expenses exceeding the statute of limitations for claims that remain unpaid.

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Profit-seeking enterprises that have accrued expenses exceeding the statute of limitations for claims and remain unpaid shall reclassify these amounts as other income.

The National Taxation Bureau of Taipei, Ministr…