Restrictions on Reporting Input Tax for Shareholder Meeting Souvenirs in Unified Invoice

• Purchasing souvenirs for shareholders’ meetings and paying input tax does not allow for deduction of output tax
• Souvenirs given to shareholders during meetings are considered gifts unrelated to business promotion
• According to tax laws, input tax paid for gifts cannot be deducted from output tax
• Example given of a company purchasing nail clippers as souvenirs and not being able to deduct input tax
• Reminder that incorrectly reporting input tax for souvenirs can result in underpayment of taxes
• Taxpayers can seek clarification by contacting the tax bureau or visiting their website.

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.

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