- The business tax threshold for small-scale businesses has been raised from January 1, 114.
- Sales of goods threshold increased from 80,000 to 100,000 per month.
- Sales of services threshold increased from 40,000 to 50,000 per month.
- Businesses below the new threshold will not receive a tax payment notice.
- Misunderstanding 1: Online sellers must register for tax when sales reach the threshold, not based on the new threshold.
- Misunderstanding 2: Physical store owners must register for tax before starting business, regardless of sales amount.
- Example: Mr. Lin sold stationery online with varying monthly sales; he should have registered when sales reached 80,000.
- Businesses should register for tax promptly to avoid penalties if they meet the criteria.
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.
