Business models and styles have been more diversified nowadays. No matter the business is run online or in physical stores, the list price of taxable goods or services should include business tax in it. However, some online stores claim that they do not include business tax in the list price and require an additional 5% business tax charge to their clients, which lead to consumption disputes.
Taiwan National Taxation Bureau indicates that business tax is a kind of consumption tax. When a company is selling taxable goods or services, it should include the consumption tax in the selling price and collect it from the consumers. Therefore, according to the Value-added and Non-value-added Business Tax Act Article 32 Paragraph 2 and 3, the list price for taxable goods or services should include business tax. In other words, the list price should be the selling price adding consumption tax, which should also the same as the amount consumers pay to the seller. If the consumer is a company, the selling price and consumption tax should be listed separately on the triplicate uniform invoice. If the consumer is an individual, then a duplicate uniform invoice should be issued.
The Bureau reminds that regardless of the company is selling the taxable goods or services online or in physical stores, if the listed price does not include the business tax as stated, and no improvement shown after the notice deadline from the Taxation Bureau, the company shall be fined from TWD1,500 to 15,000, in accordance with the Value-added and Non-value-added Business Tax Act Article 48-1. Business owners are reminded to amend the list price accordingly to prevent from the penalty.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
Transferring a house to children through a gift allows the use of the announced current value to calculate the gift amount, and there is a tax exemption available to save on taxes. However, if children sell the house later, they will face a huge unified real estate tax because the profit is calculated based on the announced current value at the time of the gift
Limited company by shares in Taiwan holds an annual regular meeting of shareholders every year. If there are significant matters to be discussed, an extraordinary general meeting of shareholders may also be convened. Generally, both regular meeting and special meeting are convened by the board of directors.
According to the regulations of Company Law in Taiwan, the term of office for director and supervisor of a Taiwanese corporation is maximum of three years, and elections must be held at the end of each term. However, if the directors and supervisors elected in each election are the same as the previous one, they may be re-elected consecutively.
Hong Kong, Macao and Taiwan residents who have lived in the inland (mainland) China for more than six months with a legitimate and stable job, a legitimate and stable residence or continuous school attendance are eligible to apply for a residence permit in accordance with the relevant regulations according to their wishes.