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Regarding Regulation of Leasing and Finance
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| 1 | Bus.Permit Issued By | : | Others (Ministry of Economic Affairs, ROC) |
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| 2 | Business Requirement | |||||
| * | Bus.Requirement Percentage (%) of Foreign Ownership Allowed | : | - |
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| * | Bus. Requirement Minimum Capital Requirements | : | - |
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| * | Bus. Requirement Number Of Active Companies in Operation | : | 24 |
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| * | Bus. Requirement New Business Permit | : | Allowed |
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| 3 | Bus. Activities Include | : | Leasing, Factoring, Others (Installment) |
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| 4 | Products Financed | : | Automotives (4 wheelers, Trucks, Transportation Vehicle (buses), Heavy Equipment, Machineries, Electronic Devices (computer, air conditioning) |
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| 5 | Source Of Funds | : | Banks (on-shore & off-shore), Capital Market (Share Issurance & Bonds) |
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| 6 | Loans | : | Source of loans - Domestic (Provided by private sector), Off shore |
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| 7 | Accounting Treatment | |||||
| * | Allowance for Bad-Debt & Write-Offs(%) | : | - |
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| * | Tax Deductible | : | 1% |
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| 8 | Taxes | |||||
| * | Corporate Tax rate Regulation (%) | : | 25% | |||
| * | Withholding Tax Regulation (%) | : | 20% | |||
| * | VAT Regulation (%) | : | 5% | |||
| * | Sales & Leaseback Regulation / Vat Implemented or not | : | Implemented | |||
| 9 | Legal Aspects | : | There is no specific regulation especially for leasing companies and the rules of operations are regulated under Corporate Act, which is also for general companies to follow |
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| 10 | Reporting Mechanism-Supervision | : | Others (Ministry of Economic Affairs, ROC) |
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| 11 | Constraints In Operation | : | Direct financing to individual consumer is not allowed |
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| 12 | Opportunites in Business | : | Finance Company Act may be issued in the near future; therefore, leasing companies will be able to provide direct financing to consumers |
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| 13 | Miscellaneous | : | - |
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