Taiwan's Ministry of Finance has issued a release confirming that penalties stipulated in various tax acts and regulations are not claimable as expenses or losses.

---

Delinquent Payments, Surcharges of Delinquent Reporting, Surcharges of Non-Reporting and Penalties Shall Not Be Claimed as Taxable Expenses or Losses

National Taxation Bureau of Northern Area (NTBNA), Ministry of Finance stat…