- The Northern Regional Taxation Bureau of the Ministry of Finance stated that the input tax amount obtained from hosting year-end banquets and spring dinners cannot be reported as deductible tax amounts.
- Expenses such as venue rental, catering, performance fees, and purchase of lucky draw prizes obtained during events held to reward employees before and after the holidays cannot be used to offset tax amounts.
- According to the regulations, input tax amounts related to rewarding employees with goods or services cannot be used to offset tax amounts.
- An example was given where a company purchased 100 electric grills as gifts for employees during a spring dinner, and the input tax amount cannot be used to offset tax amounts as it is considered a reward for employees.
- Businesses are reminded to review the input receipts obtained from hosting year-end banquets and spring dinners to avoid incorrect reporting of deductible tax amounts. If any errors are found, they should promptly correct their reporting with the tax authorities to avoid penalties. For inquiries, they can contact the toll-free service hotline at 0800-000321 for detailed explanations.
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.
