- The business tax for the fourth quarter of 2024 is due for payment from February 1 to February 10, 2025.
- Tax payment notices have been sent out, and multiple payment methods are available, including banks, convenience stores (for amounts under NT$30,000), ATMs, credit cards, and online options via QR code.
- Businesses with automatic bank or postal transfers must ensure sufficient funds in their accounts by February 10, 2025.
- Late payments incur a 1% penalty every 3 days, up to 10%, plus daily interest at a rate of 1.725%.
- For questions, businesses can call the free service hotline 0800-000321 for assistance.
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"
- Taiwan E-Invoicing (eGUI): Key Requirements, Compliance Steps, and Penalties for Businesses
- No Business Tax on Inherited Sole Proprietorship Assets; Tax Applies Only to Business Transfers
- Taiwan Clarifies Input VAT Deductions for Mixed-Business Operators on Fixed Assets and Overpayments
- Taiwan Clarifies Tax Rules: Contract Penalties Taxable, Late Payment Interest Exempt from Business Tax
- Taiwan Clarifies Input Tax Credit Rules for Businesses with Mixed Taxable and Exempt Sales
