Tax authorities will require individual investors to declare overseas earnings under minimum tax regulations or face penalties.

The Taiwanese Ministry of Finance has clarified the income reporting obligations for individuals investing in offshore structured products. The announcement, made on 13 November by the Taipei National Taxation Bureau, emphasised that income derived from such products must be fully included in an individual’s overseas income for the year in which the payment date falls, in line with the Income Basic Tax Act. Taxpayers often assume that income data provided by the authorities includes ove