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Taiwan Company Act

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Summary

Article 20 of the Company Act requires all companies in Taiwan to produce a business report, financial statements, and the surplus earnings distribution or loss make-up proposal at the end of each fiscal year. If the amount of equity capital surpasses the figure defined by the competent authority, the company shall have their financial statements audited by a certified public accountant. The business report, financial statements, and profit and loss proposal shall be submitted to the shareholders of the company for their approval 30 days before the general meeting.

Thumbnail image for Article 20 of the Company Act requires all companies in Taiwan to produce a business report, financial statements, and the surplus earnings distribution or loss make-up proposal at the end of each fiscal year. If the amount of equity capital surpasses the figure defined by the competent authority, the company shall have their financial statements audited by a certified public accountant. The business report, financial statements, and profit and loss proposal shall be submitted to the shareholders of the company for their approval 30 days before the general meeting.
Issuer

Taiwan

Year

2020

Region

Asia

Issuer (type)

Legislative Yuan (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Mandatory


Main industries targeted
  • Finance & Insurance
  • Manufacturing
  • Administrative, Support, Waste Management
  • Transportation & Warehousing
Restrictiveness

Moderate

Sustainable Development Goals (SDGs)
  • SDG 5: Gender Equality
  • SDG 16: Peace, Justice, and Strong Institutions

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