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Incentives for Taxpayer Cooperation in Audits: Taiwan’s National Tax Bureau Offers Benefits for Profit-Seeking Enterprises

  • Taiwan’s National Tax Bureau is offering incentives for profit-seeking enterprises to cooperate with tax audits
  • Entities that upload comprehensive electronic accounting books within the stipulated timeframes can benefit from various measures
  • These measures include exemptions from presenting vouchers, reduced likelihood of being selected for audit for two years, and the assignment of a dedicated adviser
  • Incentives do not apply to taxpayers using returns prepared by certified public accountants, educational and charitable organizations, or businesses undergoing liquidation proceedings.

Source: globalvatcompliance.com

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.

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