- Businesses applying for suspension must report business tax on time, regardless of sales.
- Businesses using uniform invoices must report sales, tax payable, or overpaid tax on time.
- Late reporting incurs penalties, with fines increasing based on delay duration.
- According to tax law, businesses must report every two months within 15 days of the next period.
- Failure to report within 30 days results in a penalty of 1 percent of tax payable every two days, with minimum and maximum limits.
- If over 30 days late, a 30 percent penalty is applied, with specified minimum and maximum amounts.
- Example: A business suspended operations but failed to report taxes on time, resulting in a penalty.
- Businesses using uniform invoices must report taxes even if there are no sales during suspension to avoid penalties.
- For inquiries, contact the free service number or visit the tax bureau’s website.
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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