- Individuals engaging in the buying and selling of second-hand motorcycles through a business entity should register for tax purposes
- The National Taxation Bureau of Kaohsiung reminds that businesses with a fixed place of operation must apply for tax registration before starting operations
- Failure to register for tax purposes may result in penalties and additional tax liabilities
- Businesses with monthly sales below NT$200,000 are subject to specific tax assessment methods
- The Bureau gives an example of an individual who started a business of buying and selling second-hand motorcycles and was penalized for not registering for tax purposes
- The Bureau emphasizes the importance of registering for tax purposes to avoid penalties and loss
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.
