- Businesses must report and offset their input tax amounts for customs-collected business tax on the bank receipt date within the relevant period.
- The Kaohsiung National Tax Bureau of the Ministry of Finance explains that businesses should follow the instructions on the “Customs-Collect Business Tax Payment Certificate Offset Column” in the sales amount and tax declaration form.
- The tax base and business tax amount stated on the customs-collected business tax payment certificate should be entered in the sales amount and tax declaration form for the month of the bank receipt date.
- Businesses should report the input tax amounts for customs-collected business tax based on the period of the bank receipt date.
- If a business fails to report during the current period, it can still report and offset the input tax amounts within 10 years from the starting date of the period when the payment certificate was obtained.
- Input tax amounts that do not belong to the current period cannot be reported and offset in advance.
- For example, if Company A imports goods on August 31st of Year 112 and pays the customs-collected business tax on September 1st, the tax should be reported and offset for the period of September-October of Year 112.
- The Kaohsiung National Tax Bureau reminds businesses to carefully check the contents of the customs-collected business tax payment certificate and report the business tax amount in the month of the payment date.
- For tax-related inquiries, individuals can call the toll-free number 0800-000-321 or visit the bureau’s website at https://www.ntbk.gov.tw to use the “National Tax Assistant” online service.
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
