- 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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