- President announced amendments to the Value-Added and Non-Value-Added Business Tax Law today
- The focus of the amendments include obligations for businesses to store electronic invoices and related information on a platform, penalties for not complying with invoice regulations, and adjustments to tax payment deadlines
- The amendments aim to ensure correct tax deductions, provide consumers with easy access to invoices and purchase details, maintain accuracy in lottery databases, and simplify accounting procedures
- The Ministry of Finance will seek approval for the implementation date and work on related regulations before the law is enforced
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.
Latest Posts in "Taiwan"
- Online Sellers Must Register for Tax if Monthly Sales Reach Threshold
- Taiwan becomes the most recent Peppol Authority
- July-August 2025 Uniform-Invoice Prize Winning Numbers Announced by Taxation Administration
- Taiwan Adopts Peppol for Cross-Border E-Invoicing, Digital Industry Agency to Oversee Implementation
- Taiwan Clarifies Business Tax Rules for Online Content Creators and Platforms