- Businesses must file their business tax returns on time, even if they have no sales during the reporting period.
- Failure to file on time will result in penalties, regardless of whether there is any tax owed.
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
