In response to technological advancements, industrial transformations, and changes in manufacturing processes, the national taxation bureaus conduct annual reviews of amendments to general raw material consumption standards across manufacturing industries, and then submit these amendments to the Ministry of Finance for approval. In 2023, amendments were made to the general raw material consumption standards of five industries, including the solar energy industry, communication equipment industry, dehydrated food industry, asphalt concrete and associated products industry, and electronic semiconductor production equipment and manufacturing industry. Their respective consumption standards are applicable for profit-seeking enterprises' filing of income tax returns for the fiscal year 2023.
The National Taxation Bureau of Kaohsiung, Ministry of Finance, has stated that the data regarding the aforementioned amendments can be downloaded from the Bureau's website （https://www.ntbk.gov.tw; path: Home > National Tax > Profit-seeking Enterprise Income Tax > Application & Inquire Services > Investigation Reports on General Raw Material Consumption Standards for Various Industries Over the Years）. When the quantity of manufacturing-related raw material consumption cannot be determined based on accounting records, it is necessary to refer to Paragraph 2 of Article 58 of the Guidelines for Examination of Profit-Seeking Enterprise Income Tax. This means that if a profit-seeking enterprise's raw material consumption exceeds the general standard of its respective industry, it should be assessed according to the industry's general raw material consumption standards, unless justifiable reasons are provided and verified by the national taxation bureau.
The Bureau would like to especially remind taxpayers to pay particular attention to this amendment when filing the profit-seeking enterprise income tax returns for the fiscal year 2023. If you have any questions, please dial the free service hotline 0800-000-321 for more information.
Contact person: Profit-seeking Enterprise Income Tax Division, Ms. Fang Tel: （07）7256600 ext.7153