- Pharmacies are required to pay business tax on goods sold other than prescription drugs.
- Selling prescription drugs does not incur business tax, but selling other goods such as health supplements or daily necessities does.
- The Taipei National Tax Bureau explains that the sale of goods or services within the country is subject to business tax.
- However, the professional services provided by pharmacists are exempt from business tax.
- Pharmacies that sell goods other than prescription drugs are considered regular businesses and must pay business tax.
- An example is given of a pharmacy that expanded its business to sell over-the-counter drugs, health supplements, baby formula, and diapers without registering for business tax.
- The pharmacy was fined and required to pay the overdue business tax.
- Pharmacies that sell goods other than prescription drugs should promptly register for business tax to avoid penalties.
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.
