Legislative Yuan Passes Amendments a.o. how to store electronic invoices and necessary information on a designated platform, with specified penalties for non-compliance

• The Legislative Yuan passed amendments to the Value-Added and Non-Value-Added Business Tax Law
• Key points of the amendments include obligations for businesses to store electronic invoices and necessary information on a designated platform, with specified penalties for non-compliance
• Changes in language and penalty calculation methods to align with other laws and tax collection procedures
• The amendments aim to ensure accurate tax deductions, provide consumers with easy access to invoices and purchase details, maintain the integrity of lottery databases, and simplify accounting processes for businesses

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.

---

---