Influencers and platform economy redraws rules on 5% VAT liabilities Taiwan’s Ministry of Finance has issued detailed directions on how value-added tax (business tax) applies to individuals who regularly publish creative or informational content online – effectively a new VAT framework for the influencer and
Taiwan latest country to adopt Peppol as standard for e-invoicing Taiwan has confirmed on 22 September that it is adopting the international e-invoicing exchange network and standard, Peppol, for cross-border invoicing. The Digital Industry Agency has been nominated that the ‘Authority’, responsible for local implementation
Taiwan reminds online sellers: VAT and tax registration are mandatory once threshold is met As social media and e-commerce continue to drive online business, Taiwan’s Ministry of Finance is reminding individuals that selling goods or services through platforms like Facebook, Instagram, or YouTube can come
Rise in the VAT registration threshold for non-resident providers of digital services From 1 April 2025, the Value Added Tax registration threshold for foreign providers of digital services to Taiwanese consumers was raised from TWD 480,000 to TWD 600,000 (approx $18,500). VAT was imposed non-resident
Business VAT Act changes: streamline tax reporting; e-invoicing deadlines; fines; VAT deductions; VAT lottery A number of changes have been made to the Taiwanese VAT Act last month. These include: mandatory transmission of GUI e-invoices and related data to the state’s e-invoice platform within a
5% import VAT for foreign goods sold online to Taiwan consumers Taiwan has reconfirmed the 5% import Value Added Tax charge on goods bought online and imported to consumers. There is a de minimus limit of TWD 2,000, below which there is now VAT due.
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
