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55
Annual Report 2015
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(33)
Other general and administrative expenses
For the years ended December 31,
2015
2014
NT$
US$
NT$
Taxes
$
2,392,412 $
72,744 $
1,667,938
Rental
845,459
25,707
776,067
Computer software maintenance fees
429,580
13,062
388,107
Water and electricity
138,863
4,222
161,128
Postage
209,332
6,365
204,647
Advertising and printing cost
170,188
5,175
173,010
Business development
292,823
8,904
255,295
Professional expense
411,739
12,519
406,592
Insurance charges
399,065
12,134
433,317
Donation expenses (Note)
340,689
10,359
108,882
Others
1,075,628
32,706
1,126,957
Total
$
6,705,778 $
203,897 $
5,701,940
Note: In order to successfully recover its creditor’s rights under the credit case provided to Hua-Long Co., and to facilitate social stability, on
November 7, 2014, the Board of Directors on behalf of the stockholders’ meeting resolved to donate NT$220,844 thousand to the
Ministry of Labor under the name of the Bank as a fund for Hua-Long Co.’s employees’ pension or severance pay. The creditor’s right
has been recovered on May 15, 2015.
(34)
Income tax
A.
Income tax expense
(A)
Income tax:
For the years ended December 31,
2015
2014
NT$
US$
NT$
Current income tax:
Income tax from current income
$
4,367,361 $
$132,795 $
4,285,220
Tax on undistributed surplus earnings
(
707,469
21,511
173,931
Income tax attributed to adjustments of prior years
income tax
56,517 ) (
1,718 ) (
107,440 )
Total current tax
5,018,313
152,588
4,351,711
Deferred income tax
：
(
Origination and reversal of temporary differences (
406,549 ) (
12,362 ) (
76,669 )
Income tax expense
$
4,611,764 $
$140,226 $
$4,275,042
(B)
The income tax relating to components of other comprehensive income is as follows:
For the years ended December 31,
2015
2014
NT$
US$
NT$
Remeasuremnt on defined benefit plan
$
237,786 $
7,230 $
3,813
B.
Reconciliation between accounting income and income tax expense:
2015
2014
NT$
US$
NT$
Income tax calculated based on pre-tax income using statutory
tax rate enacted in the country where the branch operates
$
5,710,234 $
173,627 $
5,578,705
Effects of items not recognised under relevant regulations
4,268
130
5,752
Additional 10% tax payment levied on undistributed earnings
707,469
21,511
173,931
Effect of income basic tax
491,773
14,953
1,101,585
Income tax adjustments in respect of prior years
(
56,517 ) (
1,718 ) (
107,440 )
Adjusted effects on income tax exemption and other
adjustments
(
2,245,463 ) (
68,277 ) (
2,477,491 )
Income tax expense
$
$4,611,764 $
140,226 $
4,275,042
C.
The Bank’s income tax returns through 2010 have been assessed by the National Taxation Bureau of Taipei; of which the Bank disagreed
with the assessments on the 2005 and 2009 tax returns and has respectively filed for administrative proceedings and reassessments.
However, in view of the conservatism principle, the Bank has adjusted its books for the above-mentioned taxations.