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(1) |
The amendments to the Income Tax Act
with retrospective effect from January 1, 2018 were passed by
the Legislative Yuan on January 18, 2018, and announced by the
President on February 7, 2018, respectively. According to the
amendments, the imputation tax scheme under the integrated income
tax system is repealed and consequently the imputation credit
account is closed. In addition, the corporate income tax rate is
raised from 17% to 20 %, and the 10% undistributed earnings
tax is lowered to 5%. After the change of the tax rates, the
deferred tax assets and deferred tax liabilities as of
December 31, 2017 will be increased by NT$917 million and
decreased by NT$156 million, respectively. |
