TPDoctor: Taiwan documentation
June 04, 2009
What documentation do I need to prepare and file by what time for entities in Taiwan?
The Taiwanese regulations governing assessment of profit-seeking enterprise income tax on non-arm's-length transfer pricing, effective from December 28 2004, provide that profit-seeking enterprises with related-party transactions above a certain threshold must provide annual disclosures regarding related parties, related party transactions, and whether contemporaneous documentation has been completed. Documentation is required for all companies; however if total revenue is less than NTD500 million ($15.3 million) and other criteria are met, Taiwan may allow reduced documentation to be prepared, rather than a full report.
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