- Taiwan’s tax bureau says businesses must issue uniform invoices for the full contract amount, even if payment is reduced by delay penalties.
- Under tax law, the taxable sales amount includes all consideration received, and invoices must reflect the original total contract value.
- Example: if a project balance is TWD 5 million and a TWD 2 million penalty reduces the net payment to TWD 3 million, the invoice still must be for TWD 5 million.
- Businesses that underreported in similar cases should voluntarily disclose and pay any underpaid tax 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.
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