Taiwan, officially the Republic of China (ROC), is a partially recognized state in East Asia. Its neighbors include the People’s Republic of China (PRC) to the west, Japan to the northeast, and the Philippines to the south. Taiwan is the most populous state and largest economy that is not a member of the United Nations.

Capital: Taipei

Currency: New Taiwan Dollar

Timezone: UTC+8

Corporate tax rate: 20%

Personal tax rate: 5-40%

Capital gains tax: 20-45%

VAT: 5%

Tax residence: Non-citizens:183 days rule: world income is taxed with some exceptions. Citizens: 31 days rule: world income is taxed with some exceptions

CFC Rules: Yes

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