CIT of Taiwan
Taiwan is located off the southeastern coast of mainland China in the Western Pacific Ocean. Taiwan's capital city is Taipei. The official language is Mandarin Chinese, and the currency is the New Taiwan dollar (TWD).
Taiwan is one of the world's trading powerhouses and offers one of the most favorable environments for investment in Asia. It currently ranks as the 20th largest economy in the world according to the International Monetary Fund (IMF) and is the world's 18th largest trading entity according to the World Trade Organization (WTO).
The corporate income tax (CIT) rate in Taiwan is 17%.
Resident companies in Taiwan are taxed on their worldwide income as follows: