VATupdate

Share this post on

Late Issuance of Uniform Invoices by Businesses: Conditions for Penalty Exemption Explained

  • Taxpayers who voluntarily report and pay taxes for unreported sales before being caught can avoid penalties
  • Example of a business that failed to report sales and was penalized for not reporting and paying taxes with interest
  • Businesses should issue invoices for all sales, regardless of whether customers request them
  • Businesses that discover unreported sales after the deadline can avoid penalties by reporting and paying taxes with interest before being investigated
  • Taxpayers with questions can contact the tax office for assistance

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.

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner