May 29, 2015: Announcement of the review of the financial statements of educational, cultural, public welfare, and charitable organizations or groups for the 2013 fiscal year based on the reported information

The Taipei National Taxation Bureau of the Ministry of Finance stated that the cases in which the settlement declarations of educational, cultural, public welfare, and charitable institutions or groups (hereinafter referred to as institutions and groups) in fiscal year 2013 were not included in the selection and were approved in large quantities based on the declared materials were announced on May 29, 2015.

The bureau explained that according to Article 71-1, paragraph 3 of the Income Tax Act, agencies and organizations should file their annual financial statements within the statutory period in accordance with Article 71 of the same Act; and according to Article 19, paragraphs 4 and 5 of the Tax Collection Act and the regulations on the public announcement and delivery of tax assessment notices by tax collection agencies, for cases where the financial statements of agencies and organizations are not included in the selection and are not subject to the profit and loss offset of Article 39 of the Income Tax Act, if the tax collection agencies have verified the information based on the declaration materials, they may use public announcement instead of filling out and delivering the tax assessment notice.

The Bureau reminds that the announcement content of this operation will be posted on the Ministry of Finance's tax portal and the Bureau's website on the announcement date, and the announcement document will be posted on the Bureau's bulletin board at the same time. Agencies and groups can use the Ministry of Finance's tax portal ( https://www.etax.nat.gov.tw ) to click on "Announcement Information\Tax Assessment Announcement\Announcement and Inquiry on Profit-making Enterprise Income Tax (including agencies or groups) Settlement (Finalization, Liquidation) Declaration Assessment Cases" to inquire about the case announcement results, or they can go to the Bureau's website for online inquiries. If you need to apply for a reissue of the tax assessment notice, please go to the Ministry of Finance's tax portal and select "Online Services\Electronic Tax Documents\Online Application\Business Tax" or apply for a reissue of the assessment notice at the local tax bureau or tax office.

The Bureau calls on all cases that fall within the scope of the announcement to have the tax assessment notice filled out and delivered effective from the date of the announcement. If an agency or organization finds that there are errors in the records or calculations of the assessed content, it shall apply to the relevant tax collection agency for verification and correction within 10 days from the day after the announcement date in accordance with Article 81, Paragraph 2 of the Income Tax Act. If it is dissatisfied with the assessed tax decision, it shall apply to the tax collection agency in its jurisdiction for re-examination within 30 days from the day after the announcement date in accordance with Article 35, Paragraph 1, Item 4 of the Tax Collection Act. For cases approved by public announcement, if the tax collection agency discovers other taxes that should be collected during the assessment period, it shall still collect additional taxes or impose penalties in accordance with the law.

(Contact person: Section Chief Guo of the Business Taxation Group; Tel: 2311-3711 ext. 1320)