Taiwan: Accumulated losses recorded prior to 2023 may not be deducted when calculating CFC investment income
Clarifying treatment of accumulated losses recorded in a controlled foreign company
The National Taxation Bureau of Taipei clarified that accumulated losses recorded in a controlled foreign company (CFC) before the CFC system’s implementation in 2023 cannot be deducted when calculating current-year investment income.
For more information, contact a KPMG tax professional in Taiwan:
Vincent Lin | vincentlin@kpmg.com.tw