- The Taiwanese Ministry of Finance clarified that sales of gold and pure gold jewelry are exempt from business tax but require a separate tax-exempt invoice, while labor fees are taxable and need a separate taxable invoice. A table of tax exemptions and levies was published, and invoices must reflect actual selling prices. Penalties for underreporting or missing invoices are waived if businesses voluntarily correct and pay taxes before an audit. An example of handling both tax-exempt and taxable invoices was provided.
Source: news.bloombergtax.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.
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