- Starting January 1 of the 114th year, the threshold for business tax for small-scale businesses will be raised
- The new threshold for sales of goods such as the trading industry is set at NT$100,000 per month
- The threshold for service industries like decoration services is raised to NT$50,000 per month
- The adjustment is based on the Value Added and Non-Value Added Business Tax Law, Article 26, aimed at simplifying tax collection and reducing compliance costs for small businesses
- Businesses with monthly sales below these thresholds are exempt from paying business tax
- The last adjustment was made on January 1 of the 96th year, and due to price inflation, many businesses previously exempt might now exceed the threshold
- The adjustment reflects a 25% increase in the Consumer Price Index since the last change
- Approximately 120,000 businesses are expected to benefit, with a tax reduction benefit estimated at NT$1.068 billion
- The new thresholds will first apply to the first quarter of the 114th year, with tax filing due between May 1 and May 10 of the 114th year
- Small businesses not meeting the new sales thresholds will not receive a business tax payment notice for that period
- For inquiries, a toll-free service number 0800-000-321 is available
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.
