25 September, 2008
Tax Incentives for Foreign Professionals Clarified
In January of this year, the CEPD announced tax incentives for foreign professionals in Taiwan. On 3 September, the Ministry of Finance clarified the definitions of three of the tax incentives: travel expenses for home leave, rent, and scholarships.
Travel expenses for home leave
The Ministry has ruled that only travel expenses for employee home leave can be expensed by the employer where the home leave is stipulated in their employment agreement. Travel expenses for family members are specifically excluded.
Rent
Either the employee or the employer can declare rental expenses.
Scholarships
Scholarships do not include tuition. The employer must award scholarships on the basis of academic and ethical merit.
