5 Major Developments in Taiwan

5 Major Developments in Taiwan

• Taiwan Introduces New Rules For Online Platforms and Apps
• Amount of electronic invoice spending reached NT$8.1 trillion in 111, an increase of 1.3 times in the past five years
• From April 1st to June 30th no business tax payable on imported soybeans, wheat and corn
• Taiwan VAT on foreign digital services update
• Petition on behalf of small shops

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E-Invoicing

• Amount of electronic invoice spending reached NT$8.1 trillion in 111, an increase of 1.3 times in the past five years

• Business Entities Issuing Electronic Invoices Can Inquire and Download Their Electronic Data of Business Tax Payment Certificate Levied by Customs by Using an Industrial Commerce Identification Card

E-Commerce / Electronic Services

• Taiwan Introduces New Rules For Online Platforms and Apps

• Taiwan VAT on foreign digital services update

• Taiwan Introducing New Rules For Online Platforms, Apps

Exemption

• Petition on behalf of small shops

Importation

• From April 1st to June 30th no business tax payable on imported soybeans, wheat and corn

Rate

• From April 1st to June 30th no business tax payable on imported soybeans, wheat and corn

• Petition on behalf of small shops

Registration

• Amended online sales tax registration regulations effective as from 1 January 2023

SME (Small and Medium-Sized Enterprises)

• Petition on behalf of small shops

Taxable Transaction

• Taiwan Explains Goods and Services Subject to Specifically Selected Goods and Services Tax

War in Ukraine

• Taiwan expands the list of export control items to Russia and Belarus

 

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