Taiwan
Taiwan: 6 company types, its taxes, banking and business environment, and what it is known for.
Forming a company
Company types in Taiwan
The 6 forms a founder can choose here, each with its own figures. Open one for its sources.
What it is known for
Where Taiwan is in the world’s top 10 on a measure anyone can check, the best rank first. Only the top is shown; a low rank is never stated.
- World’s1stWorld-leading exports Electronic integrated circuitsUS$220.8 bn · 24.2% of world exports of 220 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s2ndWorld-leading exports Computers and data-processing unitsAutomatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or includedUS$56.9 bn · 11.2% of world exports of 226 exporters · 2024 CEPII BACI, January 2026 release See the top 10
- World’s3rdWorld-leading exports Computer and office-machine partsParts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8470 to 8472US$18.3 bn · 11.9% of world exports of 216 exporters · 2024 CEPII BACI, January 2026 release See the top 10
A rank is among everything the source reports for that year, so it moves when the source adds or drops economies. Exports include goods passing through for re-export. Nothing here is a recommendation.
Doing business here
Business accounts
Providers whose own published list of countries names Taiwan. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Taiwan.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Taiwan: where to register, file and check.
Blocs and agreements
The trade arrangements Taiwan belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
Taiwan’s own position
- Customs territory
- Its own (Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu)
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As a full Member of the World Trade Organization (WTO) under the title of Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu
- VAT territory
- Its own (value-added business tax levied within the territory of the Republic of China)
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Value-added or non-value-added business tax shall be levied, in accordance with this Act, on the sale of goods or services within the territory of the Republic of China (R.O.C.) and on the import of goods.
- Agreements in force
- The authority’s own list read 27 Oct 2026
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 20%Official law.moj.gov.tw as of 2026-10-10 · the rate for the 有限公司 (limited company)
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營利事業全年課稅所得額超過十二萬元者，就其全部課稅所得額課徵百分之二十。
- Distributions
- Not in our records
- Audit
- Financial statements must be audited by a CPA where paid-in capital at period end is TWD 30 million or more, or, below that, net operating revenue reaches TWD 100 million or insured employees reach 100 (MOEA announcement 107.11.8, from FY2019); the Company Act s.20(2) delegates the thresholds.Official The registry or ministry page as of 2026-10-14
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公司資本額達一定數額以上或未達一定數額而達一定規模者，其財務報表，應先經會計師查核簽證；其一定數額、規模及簽證之規則，由中央主管機關定之。但公開發行股票之公司，證券主管機關另有規定者，不適用之。
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
Sales and consumption tax
The tax on what the company sells in Taiwan, and when it must register, as the tax authority states it.
- The tax
- business tax
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營業稅稅率，除本法另有規定外，最低不得少於5%，最高不得超過10%，由行政院定之。目前稅率為5%。
- Standard rate
- 5%
Small-scale business entities with monthly sales above the threshold but below NT$200,000 are assessed at 1% on turnover by the tax office; businesses using uniform invoices pay 5%.
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營業稅稅率，除本法另有規定外，最低不得少於5%，最高不得超過10%，由行政院定之。目前稅率為5%。
- Other rates
- Not stated
- Registration threshold
- TWD 100,000
monthly sales of goods; the threshold for services is NT$50,000 a month; month
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依據現行一般營業人課稅標準，每月銷售額如果未達起徵點【自114年1月1日起貨物新臺幣(下同)10萬元、勞務5萬元】，是不須課徵營業稅的
- A foreign company
- See the note
The Ministry of Finance pages read cover the registration of offshore electronic-services businesses (annual sales above NT$480,000, NT$600,000 from 7 April 2025) but state no general rule for a foreign business making other taxable supplies, so the non-resident answers are left unrecorded.
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An offshore electronic services business entity selling electronic services to domestic individuals is required to file an application for taxation registration when the annual sales amount exceeds NT$480,000 (to be NT$600,000 from April 7th, 2025
- Returns filed
- Depends on the business
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每月銷售額超過20萬元，或依其營業性質、業別或規模經國稅局認定具使用統一發票能力者，國稅局將核定其使用統一發票，稅率為5%，但相關進項稅額可提出扣抵，且此類營業人必須每2個月向國稅局申報一次銷售額並自行繳納營業稅額。
- Tax authority
- Registration page read 2026-10-22
Tax calendar
When the main returns and payments fall due in Taiwan, tax year 2026, as the tax authority states it.
- Corporate tax return
- 31 May · each year
Income Tax Act Article 71: a taxpayer files the annual income tax return within the period from May 1 to May 31 of each year (for a December fiscal year end, the preceding year's return). The rule records 31 May.
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A taxpayer shall, within the period from May 1 to May 31 of each year, fill out and file to the competent tax authority an annual income tax return
- Corporate tax, final payment
- 31 May · each year
Income Tax Act Article 71: the taxpayer computes the tax payable by deducting the provisional payment and withholding, and shall pay the remaining balance before filing the annual income tax return; the return window is May 1 to May 31, so the balance is payable by 31 May. The institution reads 'shall pay it to the public treasury' in the Chinese text; the English wording is 'pay the remaining balance'.
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shall pay the remaining balance before filing the annual income tax return
- Corporate tax, instalments
- 30 September · each year
Income Tax Act Article 67: the provisional payment is made within the one-month period from September 1 to September 30 of each year, at one-half of the previous year's declared tax. The rule records the last day, 30 September. An enterprise may instead file a provisional return on the basis of its actual profit for the first six months, but the payment period is the same.
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shall within the one-month period from September 1 to September 30 of each year, take one-half of the amount of tax payable as declared in its profit-seeking enterprise income tax return filed in the preceding year as the amount of the provisional payment of tax and pay it to the public treasury
- Personal income-tax return
- 31 May · each year
Income Tax Act Article 71: an individual files the annual income tax return declaring gross consolidated income within the period from May 1 to May 31 of each year. The rule records 31 May.
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A taxpayer shall, within the period from May 1 to May 31 of each year, fill out and file to the competent tax authority an annual income tax return declaring therein the items and amounts that make up his/her gross consolidated income (for an individual)
- Personal income tax, final payment
- 31 May · each year
Income Tax Act Article 71: the individual deducts the withholding tax and tax credit from the tax payable and shall pay the remaining balance before filing the annual income tax return; the return window is May 1 to May 31, so the balance is payable by 31 May. Where tax has been fully withheld the balance is commonly nil, but the same window applies.
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shall pay the remaining balance before filing the annual income tax return
- Personal income tax, instalments
- Not required here
The Income Tax Act imposes no advance-payment or instalment regime on resident individuals; Chapter 4 Section 1 'Provisional Payment' places the obligation on profit-seeking enterprises only (Article 67), and individual income tax is collected by withholding at source under Articles 88 and 92 and settled on the annual return (Article 71). The obligation therefore does not exist.
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Section 1 Provisional Payment Article 67 A profit-seeking enterprise, except one that conforms to Article 69, shall within the one-month period from September 1 to September 30 of each year
- VAT return
- Day 15 of the following month · every two months
Value-added and Non-value-added Business Tax Act Article 35: a business entity files a bimonthly tax return for the preceding two months' sales and tax payable, and pays the tax, prior to the fifteenth day of the following period. The standard period is bimonthly; a zero-rated exporter may apply to file monthly (also by the fifteenth of the following month), and small business entities assessed by the tax authority under Article 23 do not file. The rule records the standard case: the 15th of the month following the two-month period.
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shall file a bimonthly tax return on a prescribed form for its sales amount and tax payable or overpaid of the preceding two months together with tax deduction and other appropriate documents with the competent tax authority prior to the fifteenth day of the following period
- Payroll withholding
- Day 10 of the following month · each month
Income Tax Act Article 92: the tax withholder makes payment to the national treasury of all tax withheld in the previous month by the tenth day of each month. The same article sets the annual withholding statement by the end of January and its issue to taxpayers by February 10; the monthly remittance is the recurring obligation recorded here.
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The tax withholders of each kind of income stipulated in Article 88 shall make payment to the national treasury of all the taxes withheld in the previous month by the tenth day of each month
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Taiwan yet.
Economy and trade
What it exports
Goods Taiwan exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Taiwan’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Electronic integrated circuits HS 8542 | 50.9% | 41.1% | 42.0% | US$220.8 bn |
| Automatic data-processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included HS 8471 | 4.3% | 5.8% | 10.8% | US$56.9 bn |
| Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 8470 to 8472 HS 8473 | 3.5% | 3.4% | 3.5% | US$18.3 bn |
| Telephone sets, including smartphones and other telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network), other than transmission or reception apparatus of heading 8443, 8525, 8527 or 8528 HS 8517 | 3.0% | 3.9% | 3.3% | US$17.6 bn |
| Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils HS 2710 | 1.6% | 2.2% | 1.7% | US$9.2 bn |
| Discs, tapes, solid-state non-volatile storage devices, smart cards and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter 37 HS 8523 | 1.1% | 1.4% | 1.7% | US$8.8 bn |
| Flat panel display modules, whether or not incorporating touch-sensitive screens HS 8524 | 1.2% | 1.3% | 1.7% | US$8.8 bn |
| Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor boules or wafers, semiconductor devices, electronic integrated circuits or flat panel displays; machines and apparatus specified in note 11(C) to this chapter; parts and accessories HS 8486 | 0.85% | 1.1% | 1.1% | US$5.9 bn |
| Semiconductor devices (for example, diodes, transistors, semiconductor-based transducers); photosensitive semiconductor devices, including photovoltaic cells whether or not assembled in modules or made up into panels; light-emitting diodes (LED), whether or not assembled with other light-emitting diodes (LED); mounted piezo-electric crystals HS 8541 | 1.3% | 1.3% | 1.1% | US$5.6 bn |
| Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter pins, washers (including spring washers) and similar articles, of iron or steel HS 7318 | 1.1% | 1.2% | 0.95% | US$5 bn |
Total goods exports, 2024: US$526.1 bn. The ten largest headings are shown. Reported in the data as “Other Asia, not elsewhere specified”.