Restrictions on Deducting Input Tax for Business Purchase of Passenger Cars by Taxpayers

• Businesses purchasing passenger cars for personal use cannot deduct the input tax paid from the output tax
• An example was given of a company that falsely reported input tax on a purchased car, resulting in a penalty
• Businesses should report any instances of not being able to deduct input tax before being investigated to avoid penalties
• People with questions can contact the tax office for assistance

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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