- The Ministry of Finance issued guidelines for taxing individuals who regularly publish or share content online.
- These guidelines apply to individuals, known as influencers, who share content on platforms like social media and video sites.
- Influencers and platforms must register for tax and pay business tax if they meet certain conditions.
- Influencers who earn income from platforms through ads or paid services must adhere to specific tax principles.
- The guidelines clarify the tax obligations for influencers and platforms based on the location of their audience.
- An example is given where an influencer earns income from YouTube, with tax obligations varying based on the audience’s location.
- A grace period is provided until June 30, 2026, during which penalties for non-compliance will not be enforced.
- The Ministry encourages influencers and platforms to comply and rectify any oversights to protect their interests.
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"
- Regulations for Rental Agencies on Reporting Business Tax Based on Rental Income and Expenses
- Cross-Border Cloud Services: Tax Regulations for Organizations Purchasing from Foreign E-Commerce Platforms
- Taiwan Eases VAT Refunds for Overpayments Due to Market and Exchange Rate Changes
- New Tax Registration Threshold Set for Offshore Electronic Service Suppliers by NTBNA
- Beware of Tax Penalties for False Invoices and Unreported Business Income
