Taiwan Stock Exchange - Rules & Regulations Directory
Rules Governing Offshore Banking Branches
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Rules Governing Offshore Banking Branches(2005.07.07)
With respect to outward remittances of earnings by an offshore banking branch of a foreign bank, after the amount ofearnings of such offshore banking branch stated in the relevant audited financial statement has been added to the total earnings of all other branches within the ROC of such foreign bank and the estimated tax has been deducted therefrom, such foreign bank may apply to the MOF for an outward remittance of seventy percent (70%) of the total earnings. After the tax collection agency has formally determined the amount of income tax on such foreign bank’s earnings, the remaining amount which may be remitted out will be determined in accordance with such foreign bank’s actual after-tax earnings.
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English version of regulations are translated by Baker McKenzie Taipei Office.