What taxes do I need to pay to set up a business in Taiwan?

Business tax (ie sales tax) is paid every two months at a rate of 5%.

Income tax (profits tax) for profit is paid annually and the basic tax rate is 20%. However, if it is a small and medium-sized enterprise, and the taxable income for the whole year is more than 120,000 and less than 500,000 Taiwan dollars, the current tax rate is 17%, and then it is increased to 18%, 19%, and 20% over the next three years.