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Income Tax (Tables)
 12 Months Ended
Dec. 31, 2024
Text block [abstract]  
Summary of Major Components of Income Tax Expense
The major components of income tax were as follows:
 
   
For the Year Ended December 31
  
   
2022
    
2023
    
2024
  
   
NT$
    
NT$
    
 NT$ 
    
US$ (Note 4)
  
Current income tax
        
In respect of the current year
  
$
16,251,844
 
  
$
  10,117,252
 
  
$
  9,812,221
 
  
$
  299,244
 
Income tax on unappropriated earnings
  
 
844,855
 
  
 
(3,449,958
) 
  
 
250,421
 
  
 
7,637
 
Changes in estimate for prior years
  
 
(211,631
) 
  
 
(67,074
) 
  
 
(453,274
) 
  
 
(13,823
)
 
 
 
    
 
 
    
 
 
    
 
 
  
 
 
16,885,068
 
  
 
6,600,220
 
  
 
9,609,368
 
  
 
293,058
 
 
 
 
    
 
 
    
 
 
    
 
 
  
Deferred income tax
        
In respect of the current year
  
 
185,726
 
  
 
(1,352,999
) 
  
 
(1,568,365
) 
  
 
(47,831
) 
Changes in tax rates
  
 
(4,425
) 
  
 
2,763
 
  
 
(25,229
) 
  
 
(769
) 
Changes in estimate for prior years
  
 
2,481
 
  
 
35,465
 
  
 
(60,902
) 
  
 
(1,857
) 
Effect of foreign currency exchange differences
  
 
76,684
 
  
 
18,514
 
  
 
(38,409
) 
  
 
(1,172
)
 
 
 
    
 
 
    
 
 
    
 
 
  
 
 
260,466
 
  
 
(1,296,257
) 
  
 
(1,692,905
) 
  
 
(51,629
)
 
 
 
    
 
 
    
 
 
    
 
 
  
Income tax expense recognized in profit or loss
  
$
  17,145,534
 
  
$
5,303,963
 
  
$
7,916,463
 
  
$
241,429
 
 
 
 
    
 
 
    
 
 
    
 
 
  
Summary of Reconciliation of Income Tax Expense
A reconciliation of income tax expense calculated at the statutory rates and income tax expense recognized in profit or loss was as follows:
 
 
 
For the Year Ended December 31
 
 
 
2022
 
 
2023
 
 
2024
 
 
 
NT$
 
 
NT$
 
 
NT$
 
 
US$ (Note 4)
 
Profit before income tax
  
$
  81,763,628
 
  
$
  42,611,823
 
  
$
41,733,373
 
  
$
1,272,747
 
 
 
 
    
 
 
    
 
 
    
 
 
  
Income tax expense calculated at the statutory rates
  
$
35,906,719
 
  
$
18,763,311
 
  
$
18,877,355
 
  
$
575,704
 
Nontaxable expense (income) in determining taxable income
  
 
(177,734
) 
  
 
1,132,092
 
  
 
668,184
 
  
 
20,378
 
Tax-exempt income
  
 
(14,789,999
) 
  
 
(7,369,986
) 
  
 
(7,727,576
)
 
  
 
(235,669
)
 
 
   
For the Year Ended December 31
  
   
2022
    
2023
    
2024
  
   
NT$
    
NT$
    
NT$
    
US$ (Note 4)
  
Additional income tax on unappropriated earnings
  
$
844,855
 
  
$
(3,449,958
) 
  
$
250,421
 
  
$
7,637
 
Income tax credits
  
 
(2,514,002
) 
  
 
(1,921,721
) 
  
 
(2,250,870
) 
  
 
(68,645
) 
The origination and reversal of temporary differences
  
 
1,304,931
 
  
 
69,767
 
  
 
(251,896
) 
  
 
(7,682
) 
Income tax adjustments on prior years
  
 
(209,150
) 
  
 
(31,609
) 
  
 
(514,176
) 
  
 
(15,681
) 
Unrecognized deferred tax liability for temporary differences associated with investments
  
 
(3,523,716
) 
  
 
(2,557,436
) 
  
 
(1,996,092
) 
  
 
(60,875
) 
Unrecognized loss carryforwards
  
 
271,730
 
  
 
455,437
 
  
 
746,146
 
  
 
22,755
 
Withholding tax
  
 
31,900
 
  
 
12,433
 
  
 
14,843
 
  
 
453
 
Land value increment tax
  
 
-
 
  
 
-
 
  
 
19,604
 
  
 
598
 
House and land transactions income tax
  
 
-
 
  
 
201,633
 
  
 
-
 
  
 
-
 
Others
  
 
-
 
  
 
-
 
  
 
80,520
 
  
 
2,456
 
 
 
 
    
 
 
    
 
 
    
 
 
  
Income tax expense recognized in profit or loss
  
$
17,145,534
 
  
$
  5,303,963
 
  
$
  7,916,463
 
  
$
   241,429
 
 
 
 
    
 
 
    
 
 
    
 
 
  
Summary of Income Tax Recognized in Other Comprehensive Income
  b.
Income tax recognized in other comprehensive income
 
 
  
For the Year Ended December 31
 
 
  
2022
 
 
2023
 
 
2024
 
 
  
NT$
 
 
NT$
 
 
NT$
 
 
US$ (Note 4)
 
Deferred income tax
  
 
    
 
 
 
    
 
 
 
    
 
 
 
    
 
Related to remeasurement of defined benefit plans
   
$
(208,482
) 
  
$
(2,214
) 
  
$
(62,184
) 
  
$
(1,896
) 
Unrealized gain (loss) on equity instruments at fair value through other comprehensive income
   
 
370,091
  
  
 
(262,404
)  
  
 
(22,288
)  
  
 
(680
)  
Unrealized loss on debt instruments at fair value through other comprehensive income
   
 
-
 
  
 
(5,792
) 
  
 
2,315
 
  
 
71
 
  
 
 
    
 
 
    
 
 
    
 
 
  
Income tax recognized in other comprehensive income
   
$
   161,609
  
  
$
   (270,410
) 
  
$
 (82,157
)
  
$
 (2,505
)
  
 
 
    
 
 
    
 
 
    
 
 
  
Summary of Current Tax Assets and Liabilities
  d.
Current tax assets and liabilities
 
         
December 31
  
         
2023

(Retrospectively
Adjusted)
    
2024
  
   
     
    
NT$
    
NT$
    
US$ (Note 4)
  
Current tax assets
        
Tax refund receivable
    
$
   363,226
 
  
$
    548,905
 
  
$
      16,740
 
 
   
December 31
  
   
2023

(Retrospectively
Adjusted)
    
2024
  
   
NT$
    
NT$
    
US$ (Note 4)
  
Prepaid income tax
  
$
512,372
 
  
$
182,923
 
  
$
5,579
 
 
 
 
    
 
 
    
 
 
  
 
$
875,598
 
  
$
731,828
 
  
$
22,319
 
 
 
 
    
 
 
    
 
 
  
Current tax liabilities
      
Income tax payable
  
$
  9,649,556
 
  
$
  8,888,506
 
  
$
   271,074
 
 
 
 
    
 
 
    
 
 
  
Summary of Movements of Deferred Tax Assets and Deferred Tax Liabilities
  e.
Deferred tax assets and liabilities
The Group offset certain deferred tax assets and deferred tax liabilities which met the offset criteria.
The movements of deferred tax assets and deferred tax liabilities were as follows:
For the year ended December 31, 2022
 
    
Balance at
January 1
     
Recognized in
Profit or Loss
    
Recognized

in Other
Comprehensive
Income
    
Exchange
Differences
     
Balance at
December 31
  
    
NT$
     
NT$
    
NT$
    
NT$
     
NT$
  
Deferred tax assets
             
Temporary differences
             
Property, plant and equipment
    $ 90,977      $ 40,498     $ -     $ 16,953      $ 148,428  
Defined benefit obligation
      1,188,153        (123,878 )      (208,482 )      6,641        862,434  
FVTPL financial instruments
      189,350        18,192       -       252        207,794  
Others
      2,870,714        718,909       -       179,881        3,769,504  
  
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
     4,339,194        653,721       (208,482 )      203,727        4,988,160  
Loss carry-forward
      638,782        (166,121 )      -       22,824        495,485  
Investment credits
      391,034        452,656       -       14,437        858,127  
  
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
   $ 5,369,010      $ 940,256     $ (208,482 )    $ 240,988      $ 6,341,772  
  
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
Deferred tax liabilities
             
Temporary differences
             
Property, plant and equipment
    $ 5,916,744      $ 63,813     $ -     $ 57,701      $ 6,038,258  
FVTPL financial instruments
      12,580        519,142       -       89        531,811  
Others
      1,660,873        617,767       (370,091 )      106,514        2,015,063  
  
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
   $  7,590,197      $  1,200,722     $  (370,091 )    $  164,304      $  8,585,132  
  
 
 
     
 
 
    
 
 
    
 
 
     
 
 
  
For the year ended December 31, 2023
(Retrospectively Adjusted)
 
 
  
Balance at
January 1
 
  
Acquisitions
through
Business
Combinations
 
  
Recognized
in Profit or
Loss
 
 
Recognized

in Other
Comprehensive
Income
 
 
Exchange
Differences
 
 
Balance at
December 31
 
 
  
NT$
 
  
NT$
 
  
NT$
 
 
NT$
 
 
NT$
 
 
NT$
 
Deferred tax assets
                                                                           
Temporary differences
  
 
       
 
  
 
      
 
  
 
       
 
 
 
        
 
 
 
       
 
 
 
       
 
Property, plant and equipment
    $ 148,428      $ -      $ 110,253     $ -     $ 7,483     $ 266,164  
Defined benefit obligation
      862,434        -        (68,968 )      (4,844 )      30,685       819,307  
FVTPL financial instruments
      207,794        -        43,792       -       304       251,890  
Others
      3,769,504        893        316,527       -       95,392       4,182,316  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
     4,988,160        893        401,604       (4,844 )      133,864       5,519,677  
Loss carry-forward
      495,485        -        56,005       -       3,807       555,297  
Investment credits
      858,127        -        (522,852 )      -       (14,654 )      320,621  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
   $  6,341,772      $ 893      $ (65,243 )    $ (4,844 )    $ 123,017     $ 6,395,595  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
Balance at
January 1
 
  
Acquisitions
through
Business
Combinations
 
  
Recognized
in Profit or
Loss
 
 
Recognized

in Other
Comprehensive
Income
 
 
Exchange
Differences
 
 
Balance at
December 31
 
 
  
NT$
 
  
NT$
 
  
NT$
 
 
NT$
 
 
NT$
 
 
NT$
 
             
Deferred tax liabilities
                                                                           
Temporary differences
  
 
       
 
  
 
      
 
  
 
       
 
 
 
        
 
 
 
       
 
 
 
       
 
Property, plant and equipment
    $ 6,038,258      $ 10,410      $ (902,114 )    $ -     $ (11,093 )    $ 5,135,461  
Defined benefit obligation
      -        -        27,031       (2,630 )      30,233       54,634  
FVTPL financial instruments
          531,811        -        (487,098 )      -       368       45,081  
Others
      2,015,063        99,535        681       268,196       84,995       2,468,470  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
   $ 8,585,132      $ 109,945      $  (1,361,500 )    $ 265,566     $  104,503      $ 7,703,646  
  
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
For the year ended December 31, 2024
Summary of Unrecognized Deferred Tax Assets Related to Loss Carry-forward, Investment Credits and Deductible Temporary Differences
  f.
Deductible temporary differences, unused loss carryforwards and unused investment credits for which no deferred tax assets have been recognized in the consolidated balance sheets
 
   
December 31
  
   
2023
    
2024
  
   
NT$
    
NT$
    
US$ (Note 4)
  
Loss carry-forward
  
$
1,759,044
 
  
$
2,464,350
 
  
$
75,156
 
Investment credits
  
 
77,436
 
  
 
-
 
  
 
-
 
Deductible temporary differences
  
 
210,897
 
  
 
317,282
 
  
 
9,676
 
 
 
 
    
 
 
    
 
 
  
 
$
 2,047,377
 
  
$
 2,781,632
 
  
$
84,832
 
 
 
 
    
 
 
    
 
 
  
Summary of Unused Loss Carry-forward
  g.
Information about unused loss carry-forward, investment credits, tax-exemption and other tax relief
As of December 31, 2024, the unused loss carry-forward comprised:
 
Expiry Year
   
NT$
     
US$ (Note 4)
  
2025
    $ 217,721      $ 6,640  
2026
      271,741        8,287  
2027
      355,338        10,837  
2028
      239,156        7,293  
2029 and thereafter
      2,125,772        64,831  
  
 
 
     
 
 
  
   $  3,209,728      $ 97,888  
  
 
 
     
 
 
  
Summary of Unused Investment Credits
As of December 31, 2024, unused investment credits comprised:
 
Tax Credit Source
   
Remaining Creditable Amount
     
Expiry Year
  
    
NT$
     
US$ (Note 4)
         
Purchase of machinery and equipment
    $ 842,119      $ 25,682        2029 and thereafter  
Others
      91,209        2,782        2029 and thereafter  
  
 
 
     
 
 
     
   $ 933,328      $ 28,464