Foreign E-commerce Operators Selling Electronic Services Must Report Business Tax in New Taiwan Dollars

• Overseas e-commerce operators selling electronic services in foreign currency should convert the amount to New Taiwan Dollars for reporting business tax
• Overseas e-commerce operators without a fixed place of business in Taiwan selling electronic services to Taiwanese residents are required to register for tax and pay business tax if their annual sales exceed NT$480,000
• When reporting sales, payable or overpaid business tax, overseas e-commerce operators should convert the amounts to New Taiwan Dollars based on the exchange rate of the Taiwan Bank on specific dates
• An example provided by the tax bureau shows how an overseas e-commerce operator should convert sales in US dollars to New Taiwan Dollars for tax reporting
• Overseas e-commerce operators can check the exchange rates announced by the Taiwan Bank on the Ministry of Finance’s tax portal to convert sales amounts to New Taiwan Dollars for tax reporting.

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.

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