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BRIEF-Taiwan plans to raise income tax for businesses to 20 pct
September 1, 2017 / 9:24 AM / 2 months ago

BRIEF-Taiwan plans to raise income tax for businesses to 20 pct

Sept 1 (Reuters) - Taiwan’s finance minister announces tax changes on Friday:

* The ministry plans to increase income tax for businesses to 20 percent from 17 percent now * The ministry plans to raise tax on foreign investors’ cash dividends from shares to 21 percent from 20 percent now * The plans are subject to approval of the cabinet

Reporting by Faith Hung; Editing by Jacqueline Wong

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