Profit-seeking enterprises that entrust accountants to audit and verify their certification reports should submit the accountant's certification report within the time limit

Profit-making enterprises adopt the calendar year system for their accounting year. For those who entrust a certified public accountant to audit and certify the 2014 profit-making enterprise income tax settlement and declaration, they should complete the declaration and pay the tax as scheduled before June 30 of this year (2015), and submit the report with the certified public accountant's audit and certification report to the local branch, tax collection office or service office of the National Tax Bureau. For those who adopt the online settlement and declaration, the certified public accountant's audit and certification report can be submitted online through the profit-making enterprise income tax electronic settlement and declaration and payment system before July 30, 2015, or submitted in paper or CD-ROM form before July 31, 2015. If the CPA audit and certification report is not submitted within the prescribed period, it will not meet the requirements for the CPA audit and certification report and will be regarded as an ordinary report.

The Kaohsiung National Taxation Bureau of the Ministry of Finance explained that Article 102, Paragraph 3 of the Income Tax Act stipulates that profit-making enterprises that entrust accountants to audit and verify their declarations can enjoy the various incentives stipulated in the same law for those using blue declaration forms, such as being able to apply a higher entertainment expense limit in accordance with Article 37 of the same law, and being able to deduct losses in the previous 10 years as certified by the tax authorities from the net profit of the current year in accordance with Article 39, Paragraph 1 of the same law. However, profit-making enterprises should submit the certified public accountant's audit report within the prescribed period as above. Failure to do so will be regarded as a normal reporting case and will not be eligible for the various incentives for visa reporting cases.

The Bureau specifically reminds that when submitting the CPA review and certification report through the Profit-seeking Enterprise Income Tax Electronic Settlement and Declaration and Payment System Software, please remember to check the upload status listed in the "Internet Attachment Upload Status Detail Table" and make sure that the CPA review and certification report file shows "Upload Successfully" to avoid affecting your rights and interests. If you have any questions, you can call the toll-free service number 0800-000-321 for consultation, or go to the bureau’s website (https://www.ntbk.gov.tw) and use the National Tax Bureau’s smart customer service “National Tax Bureau Assistant” for online inquiries.

Provided by: Business Tax Group
Contact Person: Xie Huiwen, Section Chief Contact Number: (07) 725-6600: ext. 7110
Written by: Sun Weixiang Contact number: (07) 725-6600: ext. 7117