skip to main content

Taxation Administration,Ministry of Finance,R.O.C.Law Source Retrieving System of Taxation Laws and Regulations


Tax Related Laws & Regulations

Tax Act:
Enforcement Rules of the Income Tax Act
Article 64
Calculation of liquidation income is as follows:
Inventory liquidation revenue - Inventory liquidation cost = Inventory liquidation profit/loss
Non-inventory asset liquidation profit + Profit from liability payoff + Assessed residual asset profit after liquidation + Other profits = Liquidation profit 
Non-inventory asset liquidation loss + Creditor's right collection loss + Assessed asset Loss after liquidation + Liquidation expenses + Other Losses = Liquidation loss
Inventory liquidation profit/loss + Liquidation profit - Liquidation loss = Liquidation income or loss
Liquidation income - Approved amount of loss incurred in past years that is deductible according to law - Various profits not counted as income according to law - Various income exempted from tax according to law = Taxable income for liquidation
Article 31 regarding calculation of related costs of goods sold is applicable to calculation of the inventory liquidation cost as stated in the preceding paragraph.

Back Home TOP