- Construction contractors must issue unified invoices for reporting business tax when receiving payments as stated in the construction contract
- Failure to issue invoices on time may result in penalties and additional taxes
- Contractors should issue invoices based on the payment schedule in the contract, not when the actual payment is received
- Contractors can apply for a refund of business tax if they are unable to collect payments due to buyer’s circumstances
- Contractors are encouraged to review their invoicing practices and rectify any discrepancies voluntarily to avoid penalties
- For inquiries, contractors can contact the tax bureau at 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.
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