- The threshold for annual sales for offshore electronic service suppliers to register for taxation has been adjusted.
- Offshore electronic service suppliers must register for taxation, issue cloud invoices, and pay business tax if their annual sales exceed a certain amount.
- The new threshold for tax registration is NT$600,000 for the previous or current year.
- Suppliers with sales exceeding NT$480,000 before April 6, 2025, must follow previous regulations.
- Offshore suppliers should register for taxation on the MOF platform and issue cloud invoices using the purchaser’s email as the carrier.
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"
- Taiwan Eases VAT Refunds for Overpayments Due to Market and Exchange Rate Changes
- Beware of Tax Penalties for False Invoices and Unreported Business Income
- New Residents Engaging in Online Transactions Must Register for Tax and Pay Business Tax
- Change of Sole Proprietorship Responsible Person Requires Invoice and Tax for Asset Transfer
- Taiwan Enforces VAT and Tax Registration for Online Sellers Exceeding Sales Threshold
