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MOF to raise minimum tax rate for multinational corporations
The Ministry of Finance says the government plans to adjust income tax rates for multinational enterprises. The move is aimed at aligning Taiwan with the Organization for Economic Co-operation and Development's (OECD) Global Minimum Tax framework starting next year.
The finance ministry says multinational enterprises with operations in Taiwan subject to the GMT will be taxed the Alternative Minimum Tax of 15%, up from the current 12%. The new rate is expected to take effect when the businesses file their taxes in 2026.
Small and medium-sized enterprises as well as large businesses with an effective tax rate of 15% will not be affected.
Under the OECD, multinational enterprises subject to the Global Minimum Tax are those with consolidated annual revenues above €750 million for any two fiscal years within the past four years. Such entities are subject to a 15% effective minimum tax rate wherever they operate.
