- Due to the lifting of pandemic restrictions, the market for buying and selling used cars and motorcycles is becoming more active.
- The tax bureau reminds used car dealers to pay attention to obtaining and keeping relevant invoices and correctly calculating input tax amounts.
- Sales of used cars to certain entities can be subject to a 5% tax rate on the purchase cost, which can be offset against the sales tax.
- Used cars not for sale or for services cannot have their input tax amounts offset.
- Dealers should review their tax calculations for any errors and report and pay any missed taxes and interest before being investigated.
- For questions or assistance, individuals can call the toll-free service number 0800-000321.
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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