74 Political Parties Must Complete Financial Reporting by End of Month, Violators Face Fines Up to NT$5 Million
Taiwan's Ministry of the Interior announced that 74 political parties must submit their financial reports for the 114th year of the Republic of China by the end of the month. These reports, audited and certified by accountants, will be submitted to the Ministry of the Interior for compilation and public disclosure. The Ministry warns that late submissions could incur fines of up to NT$5 million.
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- 📰 Published: May 2, 2026 at 10:28
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Central News Agency
(Central News Agency reporter Lai Yu-chen, Taipei, May 2nd) Political party finances are under scrutiny. This year, a total of 74 political parties are required to prepare their property and financial status statements for the 114th year of the Republic of China (2025). After being audited and certified by an accountant, these reports must be submitted to the Ministry of the Interior by the end of the month for compilation, listing, and public disclosure according to law. The Ministry of the Interior reminds that overdue submissions can result in fines of up to NT$5 million.
The Ministry of the Interior stated today via a press release that 74 political parties must complete their financial reporting by the end of the month as stipulated. On March 17th, a letter was also sent to remind all political parties to avoid common errors, including discrepancies between income and expenditure statements and accountant audit contents, calculation errors in financial reports, incomplete presentation of party operations in expenditure details, and reporting deadlines.
Regarding penalties, the Ministry of the Interior said that political parties should strictly adhere to reporting deadlines and relevant regulations to avoid penalties due to overdue or non-compliant submissions. Those who fail to report within the deadline may face fines of up to NT$5 million; for those who report but fail to comply with regulations and do not make corrections within a specified period after notification, fines of up to NT$1 million may be imposed.
The Ministry of the Interior pointed out that political parties play a crucial role in maintaining public opinion in a democratic society, and their financial openness and transparency are the foundation for building social trust. Financial reporting is not only the fulfillment of political parties' legal obligations but also a commitment to the public, enhancing public understanding of party operations. Moving forward, the Ministry of the Interior will continue to provide guidance and services to assist political parties in successfully completing their reporting work, ensuring that party politics continues to develop in a sound, open, and transparent direction.
According to Article 21 of the Political Party Act, political parties shall submit their property and financial status statements for the preceding year to the competent authority by May 31st each year. The contents must include a final report, income and expenditure statement, balance sheet, and property inventory, signed or sealed by the party's responsible person, audited and certified by an accountant, and approved by the party congress or party representative congress. If the party congress or party representative congress is not convened in the current year, a note should be added to the statements indicating that ratification will be sought at the next year's party congress or party representative congress.
The Ministry of the Interior shall compile and list the accepted property and financial status statements within 45 days after the submission deadline, publish them in the government gazette or newspapers, and make them publicly available on computer networks. (Editor: Zhai Sijia) 1150502
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(Central News Agency reporter Lai Yu-chen, Taipei, May 2nd) Political party finances are under scrutiny. This year, a total of 74 political parties are required to prepare their property and financial status statements for the 114th year of the Republic of China (2025). After being audited and certified by an accountant, these reports must be submitted to the Ministry of the Interior by the end of the month for compilation, listing, and public disclosure according to law. The Ministry of the Interior reminds that overdue submissions can result in fines of up to NT$5 million.
The Ministry of the Interior stated today via a press release that 74 political parties must complete their financial reporting by the end of the month as stipulated. On March 17th, a letter was also sent to remind all political parties to avoid common errors, including discrepancies between income and expenditure statements and accountant audit contents, calculation errors in financial reports, incomplete presentation of party operations in expenditure details, and reporting deadlines.
Regarding penalties, the Ministry of the Interior said that political parties should strictly adhere to reporting deadlines and relevant regulations to avoid penalties due to overdue or non-compliant submissions. Those who fail to report within the deadline may face fines of up to NT$5 million; for those who report but fail to comply with regulations and do not make corrections within a specified period after notification, fines of up to NT$1 million may be imposed.
The Ministry of the Interior pointed out that political parties play a crucial role in maintaining public opinion in a democratic society, and their financial openness and transparency are the foundation for building social trust. Financial reporting is not only the fulfillment of political parties' legal obligations but also a commitment to the public, enhancing public understanding of party operations. Moving forward, the Ministry of the Interior will continue to provide guidance and services to assist political parties in successfully completing their reporting work, ensuring that party politics continues to develop in a sound, open, and transparent direction.
According to Article 21 of the Political Party Act, political parties shall submit their property and financial status statements for the preceding year to the competent authority by May 31st each year. The contents must include a final report, income and expenditure statement, balance sheet, and property inventory, signed or sealed by the party's responsible person, audited and certified by an accountant, and approved by the party congress or party representative congress. If the party congress or party representative congress is not convened in the current year, a note should be added to the statements indicating that ratification will be sought at the next year's party congress or party representative congress.
The Ministry of the Interior shall compile and list the accepted property and financial status statements within 45 days after the submission deadline, publish them in the government gazette or newspapers, and make them publicly available on computer networks. (Editor: Zhai Sijia) 1150502
Stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency's "First-hand News" APP to get the latest news in real-time.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.