- The annual sales threshold for foreign e-commerce businesses to apply for tax registration has been raised from 480,000 to 600,000 New Taiwan Dollars.
- The Ministry of Finance announced the revision effective immediately for foreign entities selling electronic services to individuals in Taiwan without a fixed business location.
- Since May 1, 2017, Taiwan has implemented a business tax system for cross-border electronic services.
- The previous threshold was set at 480,000 New Taiwan Dollars based on monthly sales of 40,000 New Taiwan Dollars.
- The threshold for domestic e-commerce businesses was adjusted to 50,000 New Taiwan Dollars monthly, prompting the increase for foreign businesses to 600,000 New Taiwan Dollars annually.
- Foreign e-commerce businesses exceeding the previous threshold of 480,000 New Taiwan Dollars must still comply with the old regulations.
- The Ministry of Finance advises foreign e-commerce businesses exceeding the threshold to register for tax online and issue cloud invoices to avoid penalties.
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.
