European Chamber of Commerce Taiwan

ECCT Tax Committee Lunch

Taiwan's implementation plan for Pillar Two Global Anti-Base Erosion ("GloBE") Rules

Guest speakers:

• Sung Hsiu-Ling, Director-General, Taxation Administration, Ministry of Finance
• Lynn Chen, Co-Chair of ECCT Tax Committee & Tax Partner, KPMG

Date & Time: Tuesday, 19 November, 11:30-14:00

Venue: 3F, Premier, Shangri-La Far Eastern, Taipei / 台北遠東香格里拉飯店3樓九如十全廳

Address: 201 Tun Hwa South Road, Section 2, Taipei / 106台北市大安區敦化南路二段201號

* This event will be conducted in Mandarin Chinese.

Taiwan’s Ministry of Finance (MOF) is currently monitoring developments in countries of the Organisation for Economic Co-operation and Development (OECD) and observing the progress of major countries in adopting the GloBE Rules. In the meantime, the MOF is evaluating options for adjusting Taiwan's minimum tax and considering whether to introduce a qualified domestic minimum top-up tax system and GloBE Rules that align with international standards, along with its implementation schedule. On 28 August 2024, the MOF announced the draft amendment to the “Basic Tax Rate on Business Income,” incorporating the concept of the threshold for the GloBE Rules into the domestic Alternative Minimum Tax (AMT) regime as the first step. Starting from 2025, multinational enterprise groups that meet the applicable threshold will have their entities in Taiwan subject to AMT at a rate of 15%. At this event our guest speakers will give a briefing on Taiwan’s implementation plan for Pillar Two of GloBE Rules and progress made to date. 

For more information, please visit: https://www.ecct.com.tw/event/ecct-tax-committee-lunch-taiwans-plans-pillar-two-globe-rules/