Tax Incentives for Small Businesses Adopting Mobile Payments to Promote Cashless Transactions

• The Ministry of Finance in the Central Region Taxation Bureau has introduced tax incentives for small-scale businesses that adopt mobile payments.
• The tax incentives are applicable from the date of approval until December 31, 2025.
• Small-scale businesses with monthly sales exceeding NT$200,000 will still be subject to a 1% business tax but will be exempt from using unified invoices.
• The tax incentives can be revoked if the business voluntarily requests to stop using them, refuses to accept mobile payments, does not use authorized mobile payment providers, or does not provide sales data to the tax authorities.
• The tax authorities will periodically inspect businesses to ensure compliance with the regulations and may revoke the tax incentives if there are changes in the business operations or payment methods.
• Businesses are encouraged to actively promote the use of mobile payments and display mobile payment logos at checkout counters.
• For further inquiries, a toll-free service hotline is available at 0800-000321.

Source: mof.gov.tw

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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