New reporting guidance for non-resident providers of digital and electronic services The Ministry of Finance has issued new details of filing and reporting guidance for offshore suppliers of digital services. The new clarifications include: Definitions on non-resident providers included in VAT obligations VAT and income
Taiwan implemented Value Added Tax obligations on non-resident providers and marketplaces for electronic or digital services from 1 May 2017. There is a NTD 480,000 VAT registration threshold for simplified registration, and no requirement to appoint a local Fiscal Representative. Taiwan imposes Government Uniform Invoices
How to hack national VAT lotteries Taiwan is having to rethink its VAT receipt prize draw after it become clear tax fraudsters were gaming the system. The fortnightly lottery gives prizes of up to TWD 10million based on the invoice numbers of retail receipts that
Taiwan offers delays on Value Added Tax and certain Gross Business Receipts Tax (GBRT). The new schedule for filing and paying any taxes is as follows: April return – now due 31 May instead of 18 May; May return – now due 30 June instead
Taiwan implemented post-issuance government e-invoicing via its Government Uniform Invoice (GUI) regime. This allocates batch sequence invoice numbers to taxpayers every couple of months. The system was launched in 2006 as paper-based pre-printed invoices, and switched to electronic in 2017. This requirement was mandated for
