- Businesses cannot deduct the input tax paid for purchasing passenger cars for personal use from the output tax
- When selling the car, businesses must issue a unified invoice and pay business tax as required by law
- Passenger cars for personal use with less than 9 seats cannot have their input tax deducted from the output tax
- Failure to issue a unified invoice when selling a previously purchased passenger car can result in penalties and back taxes
- Businesses must be careful to issue a unified invoice and pay business tax when selling a passenger car, regardless of the selling price or input tax deductions made
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.
