- Reminder to businesses about the relevant regulations on business tax when giving gifts to clients or employees during the Mid-Autumn Festival
- Gifts given to clients or employees are considered entertainment or rewards, and the input tax amount cannot be used to offset output tax
- Businesses should issue uniform invoices and comply with business tax regulations
- If goods purchased for entertainment or rewards are not accounted for as such, businesses must issue invoices based on market value and pay business tax
- Example given of purchasing mooncake gift boxes for entertainment purposes and self-produced fans for employee rewards
- Businesses should be cautious about issuing invoices and not claiming input tax that cannot be offset
- Businesses can contact the National Taxation Bureau for free assistance with any questions or doubts.
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"
- Influencers Face Business Tax Registration Deadline, Penalty-Free Filing Until June 2026
- Taiwan Reiterates VAT Invoicing Rules for Franchise Fees
- Uniform Invoice Rules for Cash Coupons with Purchase
- Franchise Fees Must Be Invoiced and Subject to Business Tax
- Businesses Must File Sales and Tax Returns on Time, Even with Zero Sales Amount
