Taiwan Clarifies that Fines Imposed for Regulation Violations Cannot Be Deducted as Expenses or Losses

Taiwan's Ministry of Finance has issued a notice clarifying that fines imposed for regulation violations cannot be deducted as expenses or losses.
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Fines Imposed on Profit-seeking Enterprises Can Not Be Deducted as Expenses or Losses
When profit-seeking enterprises are fined for violating regulations, these fines can not be reported as expenses or losses on annual income tax declaration…
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