VATupdate

Share this post on

National Taxation Bureau of Southern Region: Reminder of tax regulations for employee gifts during the Dragon Boat Festival

If the gifts are made in-house, they should be treated as sales and require invoice issuance. If the gifts are purchased externally, the input tax paid cannot be claimed as a deduction. The Bureau advises businesses to review the tax reporting requirements and comply to avoid penalties. Contact person: Chief Li, Sales Tax Section, at 06-2221041.

Source: mof.gov.tw

Sponsors:

VAT news

Advertisements: