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Tax Refunds for Overpaid Business Tax on Imports Due to Uncontrollable Factors Approved by Ministry

  • Businesses can apply for a refund of overpaid taxes due to uncontrollable factors affecting import sales prices.
  • The Ministry of Finance allows refunds without individual approval to expedite processing.
  • Normally, sales tax exceeds import tax, but market fluctuations can reverse this.
  • Special cases allow for tax refunds to prevent financial strain on businesses.
  • Recent examples show businesses importing at high prices and selling at lower prices, leading to overpaid taxes.
  • Simplified procedures and forms are provided for businesses to apply for refunds efficiently.

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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