The Office explained that the sale of virtual gaming items through online platforms is considered to be the provision of services in Taiwan, and the seller is required to collect VAT on the entire amount of the sale. The Office also stated that sellers who purchase virtual gaming items are not entitled to claim a VAT refund if they do not pay VAT on the purchase and do not keep a receipt with the VAT amount. The Office encourages sellers of virtual gaming items to comply with VAT regulations to avoid penalties.
Source: gov.tw
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
