- Businesses selling pure gold jewelry must issue uniform invoices
- Recent surge in gold prices has led to increased purchases of gold jewelry as gifts
- Sales of gold bars, ingots, coins, and jewelry are exempt from business tax but require issuing invoices
- Processing fees for gold jewelry are considered taxable services and require invoices
- Example given of a mother purchasing gold jewelry for her daughter’s dowry
- Reminder for businesses to issue invoices for sales of exempt gold products to avoid penalties
- Contact information provided for inquiries or assistance on tax matters
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"
- Taiwan Enforces VAT and Tax Registration for Online Sellers Exceeding Sales Threshold
- Taiwan Clarifies Zero Business Tax Rate Nonapplication for Import Facilitation Services and Compliance Requirements
- Entrepreneurs Must Register for Tax and Issue Invoices Before Starting Business Operations
- Taiwan Clarifies Need for Individuals to Register for Tax if Selling Goods or Services Through Social Media
- Taiwan Clarifies Input Tax Deductions on Shareholder Meeting Gifts and Reporting Errors
