Penalties for Failure to Obtain Purchase Receipts and Issuing Invoices in Sales Transactions

• Businesses should be penalized separately for the different violations of purchasing without proper documentation and failing to issue invoices
• If caught, businesses may face fines up to 5% of the total amount for not obtaining proper documentation for purchases and for failing to issue invoices during sales
• An example from the Kaohsiung National Tax Bureau involved a business that failed to issue invoices and underreported sales, as well as did not obtain proper documentation for purchases
• The business was fined for underreporting sales and failing to issue invoices, as well as for not obtaining proper documentation for purchases
• It is important to note that failing to obtain proper documentation for purchases and failing to issue invoices during sales are separate violations and should be penalized accordingly
• For any questions or doubts about the regulations, individuals can call the toll-free service number 0800-000-321 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.

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