Taiwan's Financial Supervisory Commission (FSC) published an update on the Legislative Yuan’s approval of the Executive Yuan’s proposed amendment to Article 22-16 of the Offshore Banking Act, which extends tax exemptions for offshore insurance branches (OIUs) to 31 December 2035. The extended exemption period covers business income tax, business tax, stamp tax, and income tax withholding. The FSC linked the measure to the policy objective of developing Taiwan as an Asian asset management center and described it as supporting insurers’ incentives to develop new products, diversify OIU offerings, and increase consumer demand, while also strengthening linkages with offshore banking branches (OBUs) and offshore securities branches (OSUs) to expand Taiwan’s asset management services and the insurance industry’s international reach.
Taiwan Financial Services Commission 2025-07-08
Taiwan's Financial Supervisory Commission highlights Offshore Banking Act amendment extending OIU tax exemptions to end-2035
Taiwan's Financial Supervisory Commission announced the Legislative Yuan's approval of an amendment to extend tax exemptions for offshore insurance branches to 31 December 2035. The exemptions cover business income tax, business tax, stamp tax, and income tax withholding. This measure aims to position Taiwan as an Asian asset management center by encouraging product development and strengthening ties with offshore banking and securities branches.