Newsletter
DEDUCTION OF GAINS REALIZED FROM THE DISPOSITION OF INTANGIBLE ASSETS AND DONATION RECEIVED FROM UNDISTRIBUTED EARNING IN CALCULATING ADDITIONAL 10% CORPORATE INCOME TAX
The Ministry of Finance announced in October 1998 that gains realized from the disposition of intangible assets and donation received may, if the after-tax balance has been appropriated to the capital surplus, be counted as a deduction item when calculating the additional 10% profit-seeking enterprise income tax imposed on undistributed earnings.