OrbitaxTaipei National Tax Administration statement on ineligibility of overpaid foreign tax as credit against Taiwan tax payable
|Approved Changes|Taiwan
The Taipei National Tax Administration (TNTA) issued a statement on 16 March 2012 that overpaid foreign tax cannot be claimed as a credit against tax payable in Taiwan if there is a failure to apply for tax treaty benefits on such income. A copy of the statement may be obtained from the website.
The details of the statement are summarized as follows.
Pursuant to article 3 of the Inc…
