- Companies must issue a uniform invoice and pay business tax when selling originally purchased passenger cars for personal use.
- Even if the selling price is lower than the original purchase price and input tax was not deducted, a uniform invoice must still be issued.
- Failure to issue an invoice and pay tax will result in penalties in addition to back taxes.
- Cars purchased for personal use by senior employees are not eligible for input tax deduction.
- Sales of such cars within the Republic of China are subject to business tax unless specific exemptions apply.
- Companies can avoid penalties by voluntarily issuing invoices and paying taxes before any investigation.
- For inquiries, a free service phone number 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.
