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Taiwan MOF Explains Tax Loss Carry Forward Rules

Feb. 16, 2022, 5:00 AM

The Taiwanese Ministry of Finance Feb. 11 clarified tax loss carry forward rules for companies and partnerships. The announcement clarifies that tax losses may be carried forward for up to 10 years and applied to income for the current year, provided entities keep accounting records and file annual corporate tax returns. [Taiwan, Ministry of Finance, 02/11/22]

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