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Taiwan Implements New Electronic Invoice System to Combat Tax Evasion and Simplify Processes

The article focuses on the implementation of a new electronic invoice system in Taiwan, which aims to simplify the process for businesses and consumers. The system will also help prevent tax evasion and improve tax collection efficiency. Additionally, the news highlights the upcoming changes to the Value-Added Tax (VAT) rates for certain goods and services in Taiwan.

Source: etax.nat.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.

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