Enforcement Rules of the Income Tax Act Article 83-1

Where the trustee in a trust act invests the trust property in a profit-seeking enterprise, the said profit-seeking enterprise shall name the said trustee as the taxpayer, and shall thus issue to the beneficiary a dividend voucher (warrant) in accordance with the provisions set out in Paragraph 1, Article 102-1 of the Act.The trustee referred to in the preceding paragraph shall, based on the dividend amount or the earning amount distributed to it and in accordance with the provisions set out in Paragraph 1, Article 3-4 of the Act, calculate the amount of income receivable by the beneficiary, and shall further, within the time limit specified in Article 92-1 of the Act, fill out and issue to the beneficiary a dividend voucher (warrant), whereas, if there are two or more beneficiaries involved, the said trustee shall, in accordance with the distribution ratios as specified in Paragraph 2, Article 3-4 of the Act, calculate respectively the amount of income receivable for each individual beneficiary.Where the beneficiary referred to in the preceding paragraph is an individual person not residing in the territory of the Republic of China or a profit-seeking enterprise whose head office is located outside the territory of the Republic of China, then the said trustee shall, in accordance with the provisions set out in Paragraph 3, Article 89-1 of the Act, withhold the income tax from the amount of income payable to the beneficiary by the said trustee; and shall further issue to the said beneficiary a withholding tax voucher (certificate) in accordance with the provisions set out in Article 92-1 of the Act, and will be exempted from issuing the dividend voucher (warrant).