Change of Sole Proprietorship Responsible Person Requires Invoice Issuance and Business Tax Payment

• When a sole proprietorship changes its responsible person, the original person must issue a uniform invoice for the transfer of goods and pay business tax.
• The sole proprietorship is considered a personal business, so when the responsible person changes, the transfer of inventory and fixed assets requires issuing a uniform invoice to the new business.
• The new business can use the input tax amount from the invoice to offset its output tax.
• An example is given where a sole proprietorship is transferred, requiring the issuance of a uniform invoice for the transfer amount and payment of taxes within 15 days.
• If a sole proprietor fails to issue a uniform invoice during a change of responsible person, they can voluntarily report and pay the omitted taxes to avoid penalties, with interest applied.

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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