- Taiwanese Ministry of Finance issued a notice on VAT registration for online sellers
- Individuals must register for VAT when monthly sales reach NT$100,000 for goods or NT$50,000 for services
- Failure to register on time results in back taxes and a fine five times the unreported VAT
- Domain name and website address must be registered for VAT application
- Sellers using an online service provider must register their membership account
- Online sellers must display their business name and uniform number on their website
Source: news.bloombergtax.com
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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