- Foreign businesses can reclaim value added tax (VAT) on goods and services in Taiwan if they meet certain eligibility criteria, including not having a fixed place of business in Taiwan, having proper taxation registration or an equivalent in their home country, and reciprocal tax treatment or exemptions in their home country.
- The total VAT incurred in Taiwan must be at least TWD 5,000 within one fiscal year, and all relevant documentation and proof for purchases made must be obtained and preserved.
- It is important to accurately store and retain all eligible invoices, ensure they contain required supplier information, and that the invoicing and reporting process aligns with country-specific obligations, requirements, and deadlines.
- VAT IT experts can assist foreign enterprises in successfully reclaiming VAT on foreign business expenses in Taiwan.
Source VATit
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