Tax Relief Available for Losses Caused by Typhoon in Taiwan

• The Taiwan government is offering tax relief for those affected by the Typhoon Little Dog.
• If there are any losses due to the disaster, individuals can apply for tax relief from the local tax bureau within the specified time frame.
• The tax relief applies to income tax, business tax, commodity tax, and tobacco and alcohol tax.
• Small-scale business owners who are unable to operate due to the typhoon can apply for a deduction of the days they were unable to operate when calculating their business tax.
• The application forms for tax relief can be downloaded from the tax bureau’s website, and individuals should submit the necessary supporting documents to the nearest tax bureau.
• If there are any questions or uncertainties regarding tax relief for disaster losses, individuals can contact their local tax bureau or call the toll-free service hotline for assistance.

Source: mof.gov.tw

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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