+44 (0)1273 022400
Taiwan introduced VAT on electronic services providers to consumers by non-resident providers from May 2017. Domestic providers have been required to levy the indirect tax since May 2014.
Income from services subject to the consumption tax include:
Non-residents are required to register in Taiwan when they pass the annual VAT registration threshold – NTD $480,000 per annum (approximately €13,700). The provider may VAT register through the Ministry of Finance’s web portal.
Information required includes:
Alternatively, VAT payers may use a local tax agent to register and file on their behalf.
Penalties for non-compliance will be between NTD3,000 and NTD30,000
The Ministry of Finance has indicated that providers will be excused from providing compliant invoices until 1 January 2019. In Taiwan, invoices with secure numbering are issued by the government for VAT registered business to use. This is done on a 2-month basis.
Returns must be submitted every two months, and the due date is the 15th of the month following the reporting period end.
+44 (0)1273 022400