The explanation clarifies that companies gifting souvenirs to shareholders during shareholders’ meetings can’t deduct the input tax paid on the gifts, since they’re not business expenses.
Source: bloombergtax.com
Latest Posts in "Taiwan"
- Taiwan Clarifies Business Tax Rules for Online Content Creators and Platforms
- Change of Sole Proprietorship Responsible Person Requires Invoice Issuance and Business Tax Payment
- Online Sales of Second-Hand Goods for Profit Require Business and Income Tax Registration
- Online Sellers Must Register for Tax if Monthly Sales Reach Tax Threshold
- Businesses Can Switch to Monthly Returns for Zero-Rated Supplies Once Annually, Says Taipei Tax Bureau
