- 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.
Latest Posts in "Taiwan"
- Tax Bureau Reduces Sales and Business Tax for Hualien Businesses Affected by Flooding Disaster
- Taiwan Embraces Peppol Standard to Enhance Digital Trade and Cross-Border Efficiency
- Online Sellers Must Register for Tax if Monthly Sales Reach Threshold
- Taiwan becomes the most recent Peppol Authority
- July-August 2025 Uniform-Invoice Prize Winning Numbers Announced by Taxation Administration
