碩士 / 國立臺北大學 / 企業管理學系碩士在職專班 / 100 / The Income Basic Tax Act (hereinafter as the Act) came into force on January 1, 2006. The purpose of the Act is to let the enterprises and individuals who benefit from tax incentives can also fulfill their income tax burden as a contribution to public finance. In accordance with the provision of Subparagraph 1, Paragraph 1, Article 12 of the Act, if the amount of overseas income is over NT$1,000,000 per filing unit, then the total amount shall be included into the Basic Income to figure out the Basic Tax.
Though the above-mentioned provision set into force on January 1, 2010; however, we have observed quite a few financial institutions that issue overseas financial investment products, professionals of wealth management, and investors still do not have adequate understanding of the Act. Needless to say, they are puzzled at the tax standards implemented by the Act and don’t know how to do tax planning.
This study, based upon the Income Basic Tax Act and its related regulations, tries to select the investment instruments usually used for financial management to calculate the impact on the tax burden due to the result of overseas investment in order to serve as reference for investors, financial management institutions, and wealth management professionals. The main results and suggestions are as follows:
1.For higher tax rate investors, to get better tax benefit, the best one is to choose investment products that provide tax free such as overseas funds or insurance. The second best choice would be products that can segregate the tax burden.
2.Investors can utilize the upper limit of the overseas income which is given the right not to be counted into the income basic tax as a choice for redeeming the overseas fund or to calculate the positions that can be redeemed. According to the simulation result, if the enterprises or individuals decide to realize the investment result, even it is negative, the enterprises or individuals can still enjoy the tax deduction result.
3.Under the provisions of the Income Basic Tax Act, investors can utilize the tax free amount for overseas income (i.e. NT$1,000,000) , the tax threshold of the basic income (i.e. NT$6,000,000), and the 20% tax rate and then compare the difference with the forecasted consolidated income tax to plan and adjust the overseas investing positions.
4.The overseas fund management and tax planning is one of the critical issues on the wealth management. We suggest the financial management institutions can further enhancing their tax consulting systems to provide financial consultants for better decision making and customer services. Moreover, it is better to provide strategic customers quick transaction records searching and in advance tax tryout calculation for those realized and unrealized positions. We believe with proper tax planning, financial institutions should be able to improve customers receive higher asset payoff, enhance service value, and eventually increase customers’ loyalty and satisfaction.
| Identifer | oai:union.ndltd.org:TW/100NTPU1121024 |
| Date | January 2012 |
| Creators | Lee, Tzai-Yuan, 李載元 |
| Contributors | Chen, Dar-Hsin, 陳達新 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 73 |
Page generated in 0.0146 seconds