Corporate Service

What is Tax Compliance Auditing There are three types of declaration method commonly used by Taiwan Companies: tax declaration reviewing on paper with a standard profit rate, ordinary declaration (general declaration) and tax compliance audit. The so-called tax compliance audit is the appointment of a certified public accountant(CPA) to audit and check the corporate income tax declaration form.   Who needs Tax Compliance Auditing   Company with losses when initially set up, but expected to have profits after 2 or 3 years The loss of the tax compliance audit year can be used to offset the profits for the next 10 years; for the surtax 5% on undistributed profit, if your company have tax compliance audit in the year of loss, it can be used to offset the surtax on profit in the future. In other words, the loss can not be used to offset the profit in the future […]

What is Financial Report Auditing Financial report auditing is similar to tax compliance audit, but unlike that was based on the compliance with tax regulations to complete. Take small and medium enterprises as an example, according to the current regulations, the company have the following situations should conduct the financial report auditing: The company with actual capital more than TWD 30 million or reaching a certain scale; (“to a certain scale” means that the amount of capital does not reach TWD30 million but the net revenue is TWD 100 million; or the number of employees participating in labor insurance is 100 people.) Or the company that borrows more than TWD 30 million from financial institutions.   Who needs Financial Report Auditing Those who meet the following conditions must apply for the financial report auditing: Capital Amount more than TWD 30 million (inclusive); Handle promissory note guarantee or borrowing more than […]

Taiwan Incorporation Payroll Services   1. Employees Payroll Basic Services and Fees   No. Description Duration 1 Calculation of staff labor insurance Monthly 2 Calculation of staff health insurance Monthly 3 Calculation of staff retirement pension Monthly 4 Calculation of staff salary Monthly 5 Prepare payroll slip of employee, provide a total amount of monthly salary to the accounting staff to release the salary Monthly 6 Prepare pay advice of each employee Monthly 7 Send the pay advice to the employee through email individually (Client please provide the email address of employee to us) Monthly 8 Declaration of withholding and non-withholding statement Yearly 9 Prepare and print withholding statement Yearly 10 2nd Generation of National Health Insurance Service (NHI) (1)Recognition of  items to be deducted Monthly (2)Calculate 2nd Generation NHI payable by employer and employee and prepare the insurance payment slip Monthly (3)Prepare 2nd Generation NHI withholding statement, for employees […]

Foreign Company Taiwan Branch Compliance and Maintenance Guide   Unless otherwise stated, the foreign company Taiwan Branch stated in this quotation referred to the limited company incorporated under the Taiwan Company Act and Business Registration Act. The compliances in this Guide are applicable to limited company as well.   When a foreign company Taiwan branch is established, in accordance with the provisions of Taiwan Company Act, the company must always have a Taiwan address for company registration, prepare annual business report, prepare financial statements, tax declaration in every two months and hire an accountant to audit its annual financial statement, etc.   This Guide is divided into 6 sections, mainly introduce the various declaration, maintenance responsibilities and related expenses after the establishment of a foreign company Taiwan branch. Section 1 -5 mainly describe the maintenance and compliance requirements for a Taiwan branch, while Section 6 shows the minimum necessary fees […]

Financial Statement Audit Service Fee Schedule 1、 Timeline Month Services Action to be taken by client Oct ~ Dec ※ Arranging working field period before year-end. ※ In response to working field period, preparing for data and document.   Dec ※ According to the date of inventory physical count of the client, auditors will observe the physical count procedure on the same day. ※Receiving the blank confirmation letter has been stamped by the client. ※ Arranging the date of inventory physical count and give auditors a notice in the earlier. ※Stamping the confirmation letter. Jan (Next year) ※ Sending the confirmation letter out base on client book balance of bank account、A/R、A/P、 Deposit balance、investment account and lawyer’s name and address etc. ※ Providing the book balance and contact window of bank account、A/R、A/P、 Deposit balance、investment account and lawyer’s name and address etc. on 31st Dec. before 5th Jan. Feb ~ May (Next […]

Book-keeping Service Fee Schedule (Include Tax Compliance Audit Fee)   1. Scope of Services   Our book-keeping and tax filing services provided from our Taiwan offices to our clients’ companies registered in Taiwan include:   (1)    Preparation of vouchers and binding of vouchers in a monthly basis; (2)    Filing of business tax (before 15th of each odd month); (3)    Filing of withholding and non-withholding tax statement (before the end of January); (4)    Filing of annual corporate income tax clearance report for previous financial year (before the end of May); (5)    Filing of undistributed profits (before the end of May); (6)    Filing of provisional income tax (before the end of September); (7)    Preparation of the annual financial statements in November and advice on areas of concern; (8)    Provision of updates on accounting and tax issues on a regular basis (9)    Advise the general operation and accounting system operation; (10)  Free basic […]