Taiwan: Procedures for claiming tax deductions on scrapped fixed assets
Taxpayers must follow a process to claim deductions for fixed assets scrapped before the end of their useful life.
The National Taxation Bureau of the Southern Area in November 2025 issued a release reminding taxpayers of the process for claiming deductions on fixed assets scrapped before their prescribed useful life, such as due to natural disasters.
Taxpayers must obtain prior approval from the tax authority or provide necessary documentation to support their deduction claims.
For more information, contact a KPMG tax professional in Taiwan:
Vincent Lin | vincentlin@kpmg.com.tw