VATupdate

Share this post on

Tax Bureau Warns Online Sellers: Comply with Tax Regulations or Face Penalties

  • The National Taxation Bureau has noted the rise of e-commerce and the integration of various platforms and services by online sellers.
  • Online sellers are increasingly using multiple platforms and related services for transactions, leading to frequent violations of tax reporting regulations.
  • The bureau is collecting diverse tax data from financial, logistical, and informational sources to ensure tax fairness and verify online sellers’ reported sales.
  • An example case involved Company A, which underreported sales by over 130 million NTD, resulting in additional tax and penalties.
  • Online sellers are reminded to issue proper invoices and promptly register and report taxes to avoid penalties.
  • For tax-related inquiries, sellers can contact the National Taxation Bureau or call the free service hotline.

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.

Sponsors:

VAT news

Advertisements:

  • VAT news