Taiwan - The Ministry Of Finance Issued An Administrative Interpretation On The Five Year Period Of Exemption From Business Income Tax Exemption By Participating In Public Infrastructure Projects.

Legal News & Analysis - Asia Pacific - Taiwan - Construction & Real Estate - Tax

25 May, 2018


The MOF issued a letter on February 28, 2018 regarding the rule that the taxable income of a private enterprise who participates in public infrastructure projects is entitled to an exemption from business income tax for a 5 year period. 


The MOF indicates that the term “the year with taxable income” referred to in the Act for Promotion of Private Participation in Infrastructure Projects and the Statute for Encouragement of Private Participation in Transportation Infrastructure Projects shall mean the year when the income deprived by a private enterprise from the major public or transportation infrastructure project that it has participated exceeds the losses incurred in the preceding 10 years as determined by the tax collection authority-in-charge pursuant to the proviso of Article 39(1) of the Income Tax Act.



For further information, please contact:  


Connie Huang, Partner, Tsar & Tsai Law Firm

[email protected]