Taiwan's Ministry of Finance Explains Tax Treatment of Scholarship Expenses

Taiwan's Ministry of Finance has issued a notice explaining the tax treatment of scholarship expenses.

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Profit-seeking Enterprises Establishing Scholarships – Expenses May Be Deductible Under Certain Conditions

A foreign company inquired by phone with the National Taxation Bureau about whether they could claim expenses for establishing scholarships for employees' children, as they have invested in Taiwan for many years and wish to enhance their company welfare and multinational corpor…