On Sep. 6, TAI Justice drafted enforcement rules of business tax act.
TAI Justice said Ministry of Finance proposed making amendments to partial articles of Enforcement rules of value-added and non-value-added business tax act.
Follows TAI GVT Aug. 2024 amended business tax laws re electronic invoice, #222228.
Amendments
Aim to align with the amended Value-added and non-value-added business tax act.
For foreign enterprises, agencies, groups, and organizations that do not have a fixed business premises in Taiwan and sell electronic services to domestic natural persons.
If those sales are not denominated in foreign currencies as quoted by Taiwan banks, stipulated that the sales should be converted into NTD.
If these business operators sell electronic services to foreign natural persons, the zero tax rate shall be applicable; amend the documents to be attached to the sales tax return and the amount of sales tax payable or overpaid in accordance with the act.
Consultation End
Consultation closes on Nov. 5, 2024.
Dec. 2024 Amendments Finalized
On Dec. 17, 2024, TAI Justice issued Executive Yuan order for amendment of the rules.
