R.O.C. corporate holders must include the interest or deemed interest receivable under the notes as part of their taxable income and pay income tax at a flat rate of 20 per cent. (unless the total taxable income for a fiscal year is under $500,000 New Taiwan Dollars) , as they are subject to income tax on their worldwide income on an accrual basis. The alternative minimum tax (‚ÄúAMT‚Äù) is not applicable.