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Taiwan’s Ministry of Finance requires VAT returns every two months, even if businesses suspend operations or have no sales, emphasizing penalties for late or missing filings.
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Late VAT filing penalties range from 1% of due tax every two days (minimum TWD 1,200) within 30 days to 30% of due tax after 30 days, with specified caps.
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If no tax is due, late filing penalties are TWD 1,200 within 30 days and TWD 3,000 after; timely compliance is essential to avoid fines and legal issues.
Source: vatabout.com
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