我國僑外投資事業之租稅規劃

Abstract

由於租稅是一個獲利的企業所必定會產生的成本，此項成本會影響企業及股東的稅後投資報酬獲及獲利率，因此，在一個追求股東財富極大化的企業，必會尋求各種管道以降低企業及股東的稅負。 本論文係以僑外來台直接投資的事業的角度來進行租稅規劃，係針對僑外投資事業從來台投資設立到開始營業獲利各階段的租稅規劃，包括(1)投資受租稅獎勵事業的租稅規劃;(2)組織型態的租稅規劃;(3)投資方式的租稅規劃;(4)股利政策的租稅規劃;(5)股東身份的租稅規劃。 本論文運用探索性研究(exploratory study)方法，推演出一套在現行兩稅合一制度下，本國「僑外投資事業的租稅規劃模型」，各個階段下透過範例的計算，以解釋的方式並驗證出使僑外投資事業及股東租稅負擔最小以及稅後投資效益最大的投資決策。本論文的發現如下： 1.依現行的稅制下以成立分公司的型態較子公司為有利。2.投資受租稅獎勵的免稅公司未必有利。3.若大部分的股東為非居住者，成立FIA公司較為有利。4.若以股東個人稅負為考量，盈餘保留不分配較為有利。5.股東為追求個人的租稅負擔極小，應事先規劃其在台居留天數。6.積極引用租稅協定的相關規定，將可獲致更大的節稅效益。 希望以本研究供僑外投資事業參考，在不必查閱我國繁瑣的法律規定，亦輕易找出使企業或股東租稅負擔的租稅策略。

“Tax” is an unavoidable cost for a profit-seeking enterprise, this cost will affect the ratio of Investment and profit ratio after tax , In order to seek a maximum wealth for shareholders ,enterprises will search ways to alleviate the burdens of the enterprise and shareholders. From the perspective of Foreign direct Investment Enterprises of the R.O.C , this paper use a exploratory study method and tries to establish a tax planning from each phase of earning under the present Integration System, which include the following phases: 1.tax planning for Industry of Investment encouragement 2.tax planning for the type of organization 3. tax planning for the Investment method 4. tax planning for dividends policy 5. tax planning for the status of shareholders. This paper had the following findings: 1.Under the present tax system , setting up a branch would be more helpful than a subsidiary. 2.Investing in a tax-free encouragement industry is not always as good as their initial plan. 3.If most shareholders were non-residents,establishing a Foreign Investment Association would be more advantageous. 4.Base on the consideration of shareholder’s personal tax burden , earning retained without allocations would be more benificial than allocations. 5.To Pursue the minimum tax burden of the shareholders , the shareholders should preplan the length of stay of the R.O.C. 6.Aggressively applying the tax treaty will attain more effects of tax savings. Hopefully, this paper could provide help for strategic tax planning to the FDI enterprises in the R.O.C.