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    Taiwan exists, but only for tax purposes

    Taiwan exists, but only for tax purposes

    The UK government has signed a Double Tax Agreement with 'unofficial representative bodies' from a state it doesn't actually recognise as existing.

    Author Date published February 25, 2003 Categories

    Link: Revenue fights it out in biggest ever tax case

    The Taiwan/UK agreement comes in to force on the 1 April 2003 for corporation tax, and five days later for income tax and capital gains tax.

    ‘The Agreement in relation to Taiwan was concluded between unofficial representative offices because Her Majesty’s Government does not recognise Taiwan as a state and so does not enter into treaties with the Taiwanese Government,’ stated an Inland Revenue news release.

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