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[ESTABLISHING A BUSINESS ENTITY IN TAIWAN]
country, of an amount per transaction not exceeding US$100,000. Withholding tax Since a branch is legally inseparable from its foreign company, net profits realized locally by the branch are considered profits of the foreign home company, and thus repatriation of such •
profits will not be subject to further withholding tax, while dividends declared by a subsidiary (either a limited company or company limited by shares) to its foreign shareholders shall be subject to a withholding income tax at the rate of 21% or a lower tax treaty rate if applicable.
ILN Corporate Group – Establishing a Business Entity Series
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