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Taiwan approves corporate income tax rate drops from 20% to 17%

Source: Internet
Author: User
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Taiwan media reported that Taiwan's "Legislative Yuan" today, the third reading of the amendment passed the "Income tax law" part of the provisions, enterprises should pay the profit income tax, will be from the current 20% to 17%, and retroactive implementation from January 1, 2010. The adjustment has kept Taiwan's corporate income tax rate in line with that of Singapore and is slightly above the 16.5% per cent corporate income tax rate in Hong Kong.

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