- Taiwan’s tax authority says franchise headquarters must issue uniform invoices for franchise fees and report/pay VAT.
- A one-time franchise fee for opening a store is treated as payment for services; if it also covers equipment, tools, or raw materials, it is treated as both goods and services.
- If franchisors provide brand licensing, training, and also supply goods, the whole fee must be properly invoiced to the franchisee.
- Businesses that failed to invoice or report revenue may correct voluntarily before an audit or third-party report to avoid penalties, though interest still applies.
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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