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 consumers receive. This encourages the shoppers to insist on proper recording of retail transactions and so curb fraud be retailers.
Source vatcalc
Latest Posts in "Taiwan"
- Tax Bureau Reduces Sales and Business Tax for Hualien Businesses Affected by Flooding Disaster
- Taiwan Embraces Peppol Standard to Enhance Digital Trade and Cross-Border Efficiency
- Online Sellers Must Register for Tax if Monthly Sales Reach Threshold
- Taiwan becomes the most recent Peppol Authority
- July-August 2025 Uniform-Invoice Prize Winning Numbers Announced by Taxation Administration