- Taiwan’s Ministry of Finance reminds businesses that all listed prices must include VAT and Uniform Invoices must be issued on time.
- Charging an additional 5% VAT or failing to issue invoices can result in penalties.
- The law requires that listed prices equal the sales amount plus VAT to prevent tax evasion and protect consumers.
- Recent enforcement actions targeted online sellers who listed prices excluding VAT and failed to issue Uniform Invoices, resulting in penalties and recovery of unpaid taxes.
- Businesses are urged to comply with VAT-inclusive pricing and proper invoicing to avoid disputes and legal consequences.
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.
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