#

Ease of Doing Business in

Taiwan, China

Taiwan, China Download Profile (1729.4KB, pdf)
Region East Asia & Pacific
Income Category High income
Population 23,492,074
GNI Per Capita (US$) 22,267
City covered Taipei

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 11 10 down
1
81.09 81.08 down
0.01
Starting a Business 19 16 down
3
94.42 94.41 up
0.01
Dealing with Construction Permits 3 3
-
86.30 86.29 up
0.01
Getting Electricity 2 2
-
99.44 99.43 up
0.01
Registering Property 17 17
-
83.89 83.89
-
Getting Credit 62 60 down
2
60.00 60.00
-
Protecting Minority Investors 22 18 down
4
70.00 70.00
-
Paying Taxes 30 32 up
2
84.78 84.79 down
0.01
Trading across Borders 68 67 down
1
80.11 80.11
-
Enforcing Contracts 14 15 up
1
73.49 73.49
-
Resolving Insolvency 22 21 down
1
78.46 78.41 up
0.05

DB 2017 Rank:

30

DB 2016 Rank:

32

Change in Rank:

up2

DB 2017 DTF (% points):

84.78

DB 2016 DTF (% points):

84.79

Change in DTF (% points):

down0.01

Indicator Taiwan, China East Asia & Pacific OECD high income
Payments (number per year) info_outline 11 22.9 10.9
Time (hours per year) info_outline 221 198.0 163.4
Total tax rate (% of profit) info_outline 34.5 33.9 40.9
Postfiling index (0-100) info_outline 90.8 59.6 85.1
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Corporate income tax 1 online 161 17% taxable profit 11.66
Employer paid - Pension contributions 1 online 6% gross salaries 6.93
Employer paid - Labor insurance contributions 1 online 27 various rates gross salaries 5.98
Employer paid - Mandatory health insurance contributions 1 online various rates gross salaries 5.51
Taipei City house tax 1 3% assessed building value 2.87
Land value increment tax 1 20% gain 1.01
Taipei City land value tax 1 1-5.5% assessed land value 0.51
Tax on interest 0 10% interest income 0.26 not included
Vehicle license tax 1 online TWD 11,700 fixed fee 0.03
Value added tax (VAT) 1 online 33 5% value added 0.00 not included
Employee paid - Mandatory health insurance contributions 0 online and jointly various rates gross salaries 0.00 withheld
Employee paid - Payroll tax 0 online and jointly various rates gross salaries 0.00 withheld
Employee paid - Labor insurance contributions 0 online and jointly various rates gross salaries 0.00 withheld
Fuel tax 1 online various rates engine size 0.00 small amount
Stamp duty on contracts 1 0.1% transaction value 0.00 small amount
Totals: 11 221 34.5
  • Taxes by type Answer
    Profit tax (% of profit) 12.7
    Labor tax and contributions (% of profit) 18.4
    Other taxes (% of profit) 3.4
    Answer Score
    Postfiling index (0-100) 90.8
    VAT refunds 91.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission bimonthly
    Does a VAT/GST refund process exist per the case study? Yes
    Restrictions on VAT refund process Restricted to international traders and capital investments
    Likelihood of VAT audit Unlikely
    Time to comply with VAT refund (hours) 4.5 91.0
    Time to obtain a VAT refund (weeks) 12.3 82.4
    Corporate income tax audits 89.9
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Unlikely
    Time to comply with a corporate income tax audit (hours) 7.0 89.9
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority City Tax Office
    Is the appeal authority independent? Independent department within tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines Online/in printed publication/in person at tax office
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? Yes
    Legal time limit 60 days

Notes:

Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.

The hours for VAT include all the VAT and sales taxes applicable.

The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.

The postfiling index is the average of the scores on time to comply with VAT refund, time to obtain a VAT refund, time to comply with a corporate income tax audit and time to complete a corporate income tax audit.

N/A = Not applicable.