The Taiwanese Ministry of Finance has issued clarifications on the application of business tax concerning the sales of virtual game products. The clarification encompasses the following points:
- Business Tax Application
- Invoice Requirement
- Input Tax Declaration and Offset
- Input Tax Deduction
- Tax Offset for Unregistered Purchasers
Source: GVC
Latest Posts in "Taiwan"
- Change of Sole Proprietorship Responsible Person Requires Invoice and Tax for Asset Transfer
- Taiwan Enforces VAT and Tax Registration for Online Sellers Exceeding Sales Threshold
- Taiwan Clarifies Zero Business Tax Rate Nonapplication for Import Facilitation Services and Compliance Requirements
- Entrepreneurs Must Register for Tax and Issue Invoices Before Starting Business Operations
- Taiwan Clarifies Need for Individuals to Register for Tax if Selling Goods or Services Through Social Media