Contabilidade e regras contábeis em Taiwan, China

Accounting Rules

Tax Year

Businesses generally use the 1 January to 31 December calendar year as their accounting year, which is the same as the fiscal year for tax purposes. However, a company may, with permission, adopt a non-calendar year-end.

Accounting Standards

Domestic companies are required to use IFRS Standards as endorsed by the Financial Supervisory Commission (FSC), which exclude a few of the original options permitted by the IASB. Companies can also obtain the approval of the FSC to use IFRS Standards as issued by the IASB. Foreign companies have the option to choose between IFRS Standards as endorsed by the FSC, original IFRS Standards, or US GAAP.

Accounting Regulation Bodies

Financial Supervisory Commission (FSC)

Accounting Reports

Consult the website of Accounting Research and Development Foundation in Taiwan for cross-referencing IFRS and Traditional Chinese International Financial Reporting Standards

Publication Requirements

Each company has to produce a balance sheet and a profit and loss account for each accounting year.

Professional Accountancy Bodies

Federation of CPA Associations of Chinese Taiwan

Certification and Auditing

A Taiwan company with paid-in capital equal to or exceeding NTD 30 million must have a statutory audit financial statement. For more information, you can consult the Guide to Accounting and Auditing Requirements in Taiwan.

Accounting News