- Starting 1 January 2025, Taiwan businesses must issue and upload electronic credit notes for sales returns, purchase returns, or discounts when both parties agree.
- Credit notes must be uploaded to the Electronic Invoice Integration Service Platform within 2 days (for non-business buyers) or 7 days (for business buyers) after issuance.
- Failure to comply may result in fines between TWD 1,500 and TWD 15,000, unless exempted.
- Businesses must retain agreement messages and supporting documents for at least 5 years.
- The guidance period for system updates ended on 30 June 2025; businesses must now fully comply to avoid penalties.
Source: regfollower.com
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"
- Zero Tax Rate for Sales to Foreign Missions in Taiwan: Tax Deduction and Invoice Requirements
- USA and Taiwan Unite: A Landmark Agreement to Transform Semiconductor Manufacturing
- Taiwan Imposes VAT Registration and Compliance on Online Content Creators Starting 2026
- No Import Permit Needed for Re-Imported CTRFDs if Export Declaration Form Is Verified
- Taipei Customs Grants Tax Exemption for Imported Sugar-Free Beverages with Documentation from January 2026
