Jan 21, 2019 Medical Comments Off on The Ministry of Finance has fabricated and published the price index for the sale of the Republic of China on Taiwan and the price doubling table for asset revaluation over the years.
Assets that have been acquired by the for-profit business in the previous year (including the 68th year) or the assets re-estimated during the previous years can apply for assets from the local IRS from February 1 to March 4, 108. Revaluation.
According to the Ministry of Finance, in accordance with Article 61 of the Income Tax Law, when the fixed assets, depleted assets and intangible assets of the profit-making enterprise rise by 25%, the asset revaluation may be implemented. On January 21 this year, the Ministry published the "Taiwan Area Sales Price Index Linkage Table" provided by the Chief Executive Office of the Executive Yuan to publish the "Multiple Price Multiplier for Assets Reassessment" (as attached), according to the price multiple table, 107 The price index has risen by more than 25% from the previous year of 68 (including the year 68). Therefore, the assets that the for-profit business acquired in the previous year of 68 (including the 68 years) or the previous asset revaluation during the previous years may be Apply for asset revaluation; assets acquired from the profit-making business during the period from 69 to 106 or the previous asset revaluation during the same period, due to the fact that the price index has not risen by 25%, may not apply for asset revaluation .
The Ministry of Finance reminds that the profit-making business that needs to handle the revaluation of assets should apply within one month from the second month after the end of its fiscal year, taking the calendar system as an example. The application period was originally from February 1 to 2 this year. On the 28th of the month, since February 28th to March 3rd is a national holiday, according to Article 48, Item 4 of the Administrative Procedure Law, the end of the period is a national holiday, and the day after that day is the end of the period, ?Adjusted from February 1 to March 4 this year. The for-profit business may, within the pre-opening period, examine the application for reassessment of assets, state the date of its establishment, the date of commencement of the fiscal year and whether it has re-evaluated the assets, and apply to the local IRS, except for special circumstances, the national tax accepted. The bureau shall, within one month from the date of receipt of the application, verify whether it is handled; the profit-making enterprise shall, within 60 days from the date of receipt of the approval for the revaluation notice, fill in the asset revaluation declaration and reassess the total assets. The table and its schedule, compare the balance sheet before and after the revaluation, and apply for revaluation to the IRS.
Source: Ministry of Finance