This issue highlights Taiwan’s economic outlook, trends in exports and manufacturing growth, the impact of U.S. tariff policies on local industries, and the government’s corresponding response measures.

It also reviews updates in regulations and taxation, including newly designated national holidays and key amendments to the Occupational Safety and Health Act.

In the taxation section, it summarizes major revisions to the Industrial Innovation Act and outlines the main concepts of Statement No. 24, Revenue from Contracts with Customers, under the Enterprise Accounting Standards. Finally, it examines whether shareholders have the authority to remove directors of a company when those directors are deemed unfit for their role.

This newsletter summarizes key economic, regulatory, and policy developments in Taiwan in Q3 2025. Economic growth has stabilized after a strong first half, with the technology sector remaining the main driver amid rising external and geopolitical risks. Major updates include a minimum wage increase effective in 2026, strengthened workplace protection measures, relaxed employment rules for overseas Chinese and foreign graduates, and important changes in tax, accounting, and sustainability disclosure frameworks. Companies are encouraged to prepare early for compliance and structural adjustments.

This issue focuses on a review of Taiwan's economic landscape in 2024, covering key updates such as the minimum wage increase effective in 2025 and the corporate minimum tax rate adjustment to 15%, both of which require close attention from businesses. Additionally, the new IFRS 18 financial reporting standard will be implemented in 2027, and companies are advised to prepare in advance.

Furthermore, we remind businesses that nominee directors still bear legal responsibilities and urge them to ensure compliance in corporate governance.