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Export Sales Income to The Year which They Belong
The year to which export sales or service revenue belong shall be in basis of the date of customs declaration upon export sales and listed as income at that fiscal year. In the circumstance that the export sales were made by postal express or delivery agent, the basis date shall be in accordance with the date of stamp, instead of the date of payment made by buyer to list it as income.
Zero Tax Rate for Taiwan Companies
For encouraging exports, the export of physical products or services are applicable to zero tax rate of business tax in Taiwan. That is, the income earned from sales of exports is not only applied to zero tax rate but also refunded the input tax in full. The business tax can be exempted from imposition for encouragement of earning foreign currencies.
Foreign Software Industry Taxation in Taiwan
With the growth of digitalized economic activities, to establish a “permanent entity” at the income incurred country seems not necessarily. For software industry, it is much convenient and accessible to provide their service online cross-country, so the taxation occurred on which country is becomes more unrecognizable.
2023 Regulations on Taiwan Online Sellers
From 2023, Taiwan companies are obliged to proceed the registration of online sales within the specific period at Taxation Bureau. The company official website shall disclose the “Company Name” and “Uniform Invoice Number” clearly. The companies and e-commerce platforms will be informed such notice by Taxation Bureau shortly after.
Audit by Reviewing Enterprise Income Tax Returns
In Taiwan, here are 3 most common ways for profit-seeking enterprises to proceed tax returns: Expanding to the cases, audit by reviewing accounting books and tax compliance audit. To promote the convenience for small and medium-sized enterprises to proceed tax return, enterprises which total amount of net income and non-net income is under TWD30,000,000
Proof of Business Tax Return
This article aims to introduce the issuance of uniform invoice in practice. The introduction as below:The expenditure items required to state on the tax withholding form and submit to Taxation Bureau;Input credit and proof for accounting of business tax; Proof for accounting of business tax but no input credit incurred
Introduction and Issuance of Uniform Invoice (Part II)
The purpose of this article is to introduce Taiwan uniform invoice and instruct how to issue.The introductions as below:1. Category of uniform invoice;2. Principle of issuance;3. How to issue a handwritten invoice;4. How to deal with the wrong uniform invoice.The article is divided into two parts for readers’ convenience to understand.
Introduction and Issuance of Uniform Invoice (Part I)
The purpose of this article is to introduce Taiwan uniform invoice and instruct how to issue.The introductions as below: Category of uniform invoice;Principle of issuance;How to issue a handwritten invoice;How to deal with the wrong uniform invoice.It is unchangeable for a copy of issued uniform invoice. For example, it is not allowed to reissue the uniform invoice in June with the uniform invoice in July to August
Taiwan Head Office and China Subsidiary Expense Apportionment
Due to the support and management of China subsidiary mainly from Taiwan head office, such as development of foreign market, purchase and comparison of quotation, legal affairs, accounting, human resource assignment, the expenses will be incurred from these abovementioned services. So, it becomes a significant issue to discuss if the costs shall be assumed wholly by the head office or any other way to share them.
Employees Health Examination Tax Withholding and Return
According to “Occupational Safety and Health Act”, it is mandatory for employers to implement health examination on employees. In the condition of employees whose content of works is potential to damage their health or particular subjects from other government entities, the particular health examination items still have to be taken as well.