- The Ministry of Finance in Taiwan has announced the approval of new e-invoice requirements by the Executive Yuan, following their approval by the Legislative Yuan. The requirements pertain to the submission of e-invoices and related information to the Electronic Invoice Integrated Service Platform.
- For B2B transactions, e-invoices and required information must be transmitted to the platform within 7 days, while for B2C transactions, the deadline is set at 2 days.
- Failure to comply with the submission deadlines or to submit e-invoices and related information may result in fines ranging from TWD 1,500 to TWD 15,000.
- The Ministry of Finance has also announced the Executive Yuan’s approval of amendments regarding withholding tax, including an extension of the payment deadline for withholding tax on payments to non-resident individuals or enterprises by 5 days if the additional period coincides with a national holiday lasting more than 3 consecutive days.
- The Ministry of Finance will provide the implementation date and rules for these measures.
Source Orbitax
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
