Taiwan Setup Payroll Accounting Tax - Evershine Houston Branch

Taiwan Setup Payroll Accounting Tax One-stop Services hou2tw

Houston and Taiwan colleagues work together to serve you. Besides company setup, supported by cloud accounting and payroll systems, Evershine assumes your local in-house accounting role and provides compliance services on accounting, taxation, payroll, and other relevant regulations. Contribute to relieving global warming through reducing air travel.
Taipei Evershine

SiteMap of Taiwan One-stop Services
**Click above and go to Taiwan Evershine website

e-mail: hou2tw@evershinecpa.com

or
Contact by phone in working hours of Texas time zone:
The Engaging Manager Ian Lin, well-English speaker
Tel: +1-510-996-2685

or
Contact us by phone during Houston time 7:00-9:00 (Taipei 19:00-21:00)
Manager Jerry Chu, USA Graduate School Alumni and a well-English speaker
Mobile: +886-939-357-735
Tel No.: +886-2-2717-0515 ext. 103

Taiwan WFOE Company Registration Services tyo2tw
( please link above to get more detailing information)
Service Coverage
*Company Registration (Subsidiary, Branch, RO)

*Work Permit Application
*ARC (Alien Residence Certificate) Application
*Taiwan FDA (Food and Drug Administration) Application; RA (Regulation affairs ) Application
*Trademark Registration

Taiwan Cloud Accounant Sharing Services tyo2tw
( please link above to get more detailing information)

Sharing of accounting professionals
By using the Cloud Accounting System to provide a collaborative work environment, we act as your in-house accountant role although we are not sitting at your company’s office.
If your company adopts our services, you only need to assign an accountant located at the site of parent company to take care of your subsidiary accounting jobs. You don’t need to hire any local accountant, a cashier, a payroll handler, and IT officer to take care of your subsidiary in other countries.We also incorporate internet banking function of many famous banks to enable your personnel to review or/and approve for wire payment to suppliers and employees at any time at any location.
Your company will not need to leave the seal (company seal) or/and the stamp (name of representative) to any local staff in order to avoid losing financial control.
In addition, we can make monthly IFRS financial statements within next five working days.
There are three major features of our service:
Fraud-Proof (with internal control), Seamless Collaboration, Hassle-Free (easily implemented).

You do not need to recruit your own local in-house accountant in Taiwan
Both of your staff in Parent company and Evershine Taiwan staff work together to undertake all accounting functions required by your Taiwan WFOE.
Evershine will act as the role of an in-house accountant in your Taiwan WFOE.
Evershine services will be supported by Cloud System plus Internet Banking.

Service Scope
Provide Cloud Information System to support our services
AR Cycle Accounting outsourcing
AP Cycle accounting outsourcing
expenses Cycle accounting outsourcing
VAT processing and filing
Corporate income tax calculation and filing
Transfer pricing and tax compliance
Cashier and Internet Banking as a maker
Payroll processing and compliance

**Our services are called as Non-audit services in accounting industry.

Taiwan Payroll Compliance tyo2tw
( please link above to get more detailing information)
ADP Employer Services International provides multi-country payroll outsourcing services through ADP Streamline®.
Evershine CPAs Firm is a local partner of ADP Streamline® in Taiwan. www.adp.com/streamline
Service Coverage
* Gross salary calculation based on fixed and non-fixed salary, Leave and Overtime
* Labor Insurance Charge paid by the company and employee
* Health insurance Charge paid by the company and employee
* Pension Fund Charge paid by the company and employee
* Withholding Tax for local employee
* File withholding tax for expatriate
* Gross salary and net-cash salary
* Salary wire transferring services
* Delivering payment slip to each employee
* Accepting query from each employee.
* Annual accumulation salary income and withholding tax report to Tax Bureau.
* Year-end insurance premium certificate
* Severance pay application
* File for listing and delisting of Labor Insurance and Health Insurance
* Work Permit application in Taiwan
* Working Visa Application in Taiwan
* Local Services for expatriates like airport pick-up, hotel and renting, bank account etc,.
Our Online Payroll Management System includes the following modules:
* Online Basic Data collection
* Online Payroll Parameter collection
* Online Leave authorization
* Online Overtime authorization
* Online Payroll Calculation
* Online Proposal authorization
* Online Pay slip
* Online Annual personnel Tax
* Custom tailor made if necessary
* Salary wire transferring services through local web banking function authorized by three roles including “Maker”, “Reviewer” & “Approver”. Evershine staff will play “Maker” role.
Payroll Compliance Regulations in Taiwan
1. Once an employee is on board, he/she needs to apply for Social Insurance on the 1st day.
If an employee wishes to leave the company, he/she must file her removal from social insurance.
2. Payroll for each employee includes taxable salary and tax-free salary.
Taxable salary must pay withholding income tax with rates varying according to the number of his/her dependents.
Income tax withheld by company must be paid to the Tax Bureau before the 10th day of following month.
3. Each employee must have labor insurance, health insurance, and pension fund.
Except when an employee bear his/her portion fees, employers have to undertake most of them.
Payments shall be made to the Bureau of Labor Insurance, National Health Insurance Council and the Employee Pension Board before the 15th day of the following month.

Taiwan Employment Outsourcing Services
( please link above to get more detailing information)
For Taiwan Local staff and For Overseas Expatriates
If your company doesn’t want to set up an WFOE (Wholly Foreign Owned Entity) in Taiwan, but you will recruit employees temporarily or by project base, we suggest you adopt our Taiwan Professional Employment Outsourcing.
It means Evershine will recruit your overseas expatriates or Taiwan local staff on behalf of your company.
And then we will take care of all kinds of relevant local services including of payroll compliance and expenditure process.
Besides, Evershine will fully comply with Taiwan law and regulations on individual Tax, Statuary Social Benefit and Labor’s right.
We found that our services have another name so-called PEO (Professinal Employer Organization) Service.

Taiwan Tax Benefit Application on Article 25 tpe4ww.25
( please link above to get more detailing information)
For enterprises that received approval for the tax benefit, the withholding tax rate on its income from Taiwan will be significantly reduced from 20% to 3% or 2%.
Businesses whose headquarters are outside of Taiwan must apply for the tax benefit described in Article 25 of Income Tax Act with the Ministry of Finance and 15% of its business revenue within Taiwan would be the taxable income.
Effective Tax Rate
With ATC 25 advance ruling approval, deemed profit ratios can be summarized as follows:

	Deemed Profit Ratio	Tax Rate	Effective Tax Rate
1)International transport	10%	20%	2%
2)Construction Contracting	15%	20%	3%
3)Technical services	15%	20%	3%
4)Equipment leasing	15%	20%	3%

Taiwan Trademark Registration tyo2tw
( please link above to get more detailing information)
When you plan to register a trademark in China, for safety reasons, we will suggest you register it in Taiwan firstly, then use Taiwan priority to apply China trademark.
*New Application of Trademark in Taiwan
*Renewal Application Of Trademark in Taiwan

Due Diligence For M&A Project tyo2tw
( please link above to get more detailing information)
In Taiwan and major cities of China, we are focused on providing our featured services to overseas entities of these stock listed parent companies in their own countries.If you have M&A target and you want confirmation on its feasibility, we can cater Due Diligence services.
Evershine CPAs Firm is well-experienced in doing these services and has already handled more than 50 Due Diligence cases assigned by global companies until July 2014.
Among them was a transaction worth 700 millions USD.
Service Coverage
*Review the Past 3 years’ financial statements
*5-year financial statement forecast
*EBIDA calculation for your reference
*Tangible Assets Review
*Liability Review
*Share & Loan Capital Structure Review
*Review Intangible Assets
*Tax Risk Evaluation
*Guarantee to bear past tax risk of Target Company, if necessary
*Evaluate Contingent liability on Employee Benefit Plans
*Contingent Liability Evaluation through Execution of Legal Due Diligence procedures
*Feasible and workable Deal Structure Suggestion
*Review IT and Internal Control System
*After-merger Assistance for better control through cloud collaboration in the IT system

Other Services
Auditing:
Including Financial Auditing, Tax Auditing & Due Diligence
Tax Consultation:
Including Tax planning & preparation for corporate and individual returns
Business and Intellectual Property Valuation:
Including Business valuation, IP valuation, IP commercialization
Initial Public Offering Listing Planning:
Including Preparation for Asian enterprises listing in the US markets of OTCBB, AMEX and NASDAQ
US income tax return preparation:
Filing federal and state income tax returns for US citizens living abroad

Taiwan Compliance Map

GLA -corporate income tax
-National taxes, 20%
-A Business Administration Number(BAN) is required (you can apply for the E-Cert at http://onestop.nat.gov.tw/oss/identity/identity/init.do and then apply to your tax authority for a Logic Serial Number(LOSN).DF (Deposit First) Prepayment before filing.
-The fiscal year is the calendar year, it could be changed into another period after approved.
-For-profit enterprise income tax is paid on a provisional basis from 1 September to 30 September, normally at the rate of 50 per cent of the amount of income tax paid in the previous year. If the change is too big and the company does not earn that much in the first half of this year, it may commission the CPA to report the contributions after the tax review.
-The income tax settlement declaration for profit-making undertakings before the end of May (from May 1 to May 31) each year. The representative office in Taiwan is not taxable and therefore is not required to declare income tax on profit-making undertakings.
-To file a company income tax, you can download the Trade-Van software https://tax.nat.gov.tw/tax-making.html
-You can print payment slip to bank OTC and you can also make various electronic transfer payment (EFT). https://www.etax.nat.gov.tw/etwmain/
-Taiwan does not require corporate Bank accounts to be Taiwan’s local bank

VAT -business value-added tax
-VAT 5 per cent of the national tax; Export tax rebates.
-Request VAT Number: Form No.: 8-12;
-It can be applied to the National Taxation Bureau or transferred to the National Taxation Bureau through the Ministry of Economic Affairs, normally within 14 days.
-Foreign e-commerce can apply for FECO cross-border e-commerce.
-SP (Same Period) for the Same Period for filing and paying contributions;
-Taiwan VAT Value Added Tax (VAT) is filed once every two months. It is declared and paid before the 15th day of the following month. The company may declare B (M) every month if there is export tax refund. You have to file even if you don’t have any income.
-Download Trade-Van software for applying for Business Value-Added Tax file https://tax.nat.gov.tw/tax-making.html
-You can print payment slip to bank OTC and you can also make various electronic transfer payment (EFT). https://www.etax.nat.gov.tw/etwmain/
-Taiwan does not require corporate Bank accounts to be Taiwan’s local bank.

WWT -Payroll Withholding
-The state tax shall be withheld according to the form.
-DF (Deposit First) will pay monthly and then report at the end of January of the following year.
-Staff payroll withholding tax should be paid to the Treasury before the 10th day of the month following the pay-off date, in the form of OTC, EFT contributions.
-Because the monthly contributions are aggregated, the IRS does not know the details of each person.
-The total amount of salary received by each employee and the total amount withheld must be reported electronically to the Inland Revenue Department by the end of January of each year in respect of all kinds of income –declared. And withholding vouchers for employees.
-Download Trade-Van software for Payment Withholding https://tax.nat.gov.tw/tax-making.html
-You can print payment slip to bank OTC and you can also make various electronic transfer payment (EFT).https://www.etax.nat.gov.tw/etwmain/
-Taiwan does not require corporate Bank accounts to be Taiwan’s local bank

BVF -Social Welfare for Employees
-Government will conduct the welfare totally. Employer’s share, employee’s % and government’s % burden.
-The employer may apply to the Bureau of Labor Insurance or apply for the Employer’s Certificate Number at https://edesk.bli.gov.tw/aa/ on the website.
-FF (Filing First) claims maintenance followed by monthly contributions.
-Workers’ social benefits in Taiwan include labor insurance, health insurance, workers’ pensions, and, since 2015, 2nd Generation of health insurance have been added because of the lack of health insurance premiums. The declaration method is that the enterprise will fill in the employee’s information to the Bureau of Labor and Social Security, by them to verify. You must report to the Bureau of Labor and Social Security within 7 days after your employment or dismissal.
-Bureau of Labor Insurance: website https://edesk.bli.gov.tw/aa/
-NHI’s website https://eservice.nhi.gov.tw/nhiweb1/system/mLoginCa.aspx
-After the Bureau of Labor Insurance approved the payment letter Email or paper to the enterprise, according to this amount, the enterprise shall pay monthly payments.
-The three employees have different authorities for social welfare and there are different bank accounts, which need to be paid to three different bank accounts.
-You can print payment slip to bank OTC and you can also make various electronic transfer payment (EFT). You may also apply to the Local Bank of Taiwan for automatic deduction (ACH) upon receipt of a demand note.

SiteMap of Taiwan One-stop Services
**Click above and go to Taiwan Evershine website

Contact Us

e-mail: hou2tw@evershinecpa.com

or
Contact by phone in working hours of Texas time zone:
The Engaging Manager Ian Lin, well-English speaker
Tel: +1-510-996-2685

Additional Information

Taipei Evershine CPAs Firm

6th Floor, 378 Chang Chun Rd.,Zhongshan Dist., Taipei City, Taiwan R.O.C.
Near MRT Nanjing Fuxing Station
Principal Partner :
Dale C.C. Chen
CPA in Taiwan+China+UK/ MBA+DBA/ Patent Attorney in Taiwan
Mobile: +86-139-1048-6278 in China ;
Mobile:+886-933920199 in Taipei
Wechat ID: evershiinecpa ;
Line ID:evershinecpa
skype:daleccchen ;
Linking Address: Dale Chen Linkedin

Evershine has 100% affiliates in the following cities:
Headquarter, Taipei, Xiamen, Beijing, Shanghai, Shanghai,
Shenzhen, New York, San Francisco, Houston, Phoenix Tokyo,
Seoul, Hanoi, Ho Chi Minh, Bangkok, Singapore, Kuala Lumpur,
Manila, Dubai, New Delhi, Mumbai, Dhaka, Jakarta, Frankfurt,
Paris, London, Amsterdam, Milan, Barcelona, Bucharest,
Melbourne, Sydney, Toronto, Mexico

Other cities with existent clients:
Miami, Atlanta, Oklahoma, Michigan, Seattle, Delaware;
Berlin, Stuttgart; Prague; Czech Republic; Bangalore; Surabaya;
Kaohsiung, Hong Kong, Shenzhen, Donguan, Guangzhou, Qingyuan, Yongkang, Hangzhou, Suzhou, Kunshan, Nanjing, Chongqing, Xuchang, Qingdao, Tianjin.

Evershine Potential Serviceable City (2 months preparatory period):
Evershine CPAs Firm is an IAPA member firm headquartered in London, with 300 member offices worldwide and approximately 10,000 employees.
Evershine CPAs Firm is a LEA member headquartered in Chicago, USA, it has 600 member offices worldwide and employs approximately 28,000 people.
Besides, Evershine is Taiwan local Partner of ADP Streamline ®.
(version: 2024/07)

Please contact us by email at HQ4hou@evershinecpa.com

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