Taiwan (TW)

Jurisdiction Overview

566 *OECD’s Model Mandatory Disclosure Rules: Has the jurisdiction implemented the OECD’s model mandatory disclosure rules for CRS avoidance arrangements and opaque offshore structures published in 2018? No
 Data Date: 2019


According to Taiwan Ministry of Finance: "1. The OECD's Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures published in 2018 has not yet been included in the CRS Regulations and relevant tax laws or regulations.2. We will continue to pay attention to the implementation of the CRS and consider, if needed, the feasibility of requiring intermediaries to disclose such arrangements and structures. 3. In addition, Taiwan adopts the following mechanisms for voluntary disclosure: (1) Tax consultation: According to Paragraph 9 of Article 7 of The Taxpayer Rights Protection Act, before engaging in specific transactions, taxpayers may apply for a consultation with the tax collection authority about the case by providing relevant documents. (2) Disclosure: According to Paragraph 8 of Article 7 of The Taxpayer Rights Protection Act, a taxpayer may make a statement by filling out the "Statement of matters." (Communication with Taiwan Ministry of Finance, 27.12.2019).


Communication with Taiwan Ministry of Finance, 27.12.2019