- Taiwan’s Ministry of Finance reminded businesses about VAT compliance for cross-border electronic services.
- Foreign e-service providers without a fixed business place in Taiwan must register, file every two months, and pay 5% business tax on B2C sales to Taiwan consumers if they exceed the threshold.
- For B2B cross-border electronic service purchases, the Taiwanese business buyer must pay tax under the reverse charge rule, unless it only makes 5% or 0% taxable transactions.
- Authorities urged both foreign providers and domestic purchasers to file accurately 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.
