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Don’t Forget to Register for Tax When Selling Virtual Goods on Online Platforms

  • Selling virtual goods through online platforms
  • Remember to register for tax
  • Tax authorities are monitoring online transactions
  • Failure to register for tax can result in penalties
  • Example of a seller who failed to register for tax and underreported sales
  • Sellers are advised to check if they need to register for tax
  • Sellers can avoid penalties by voluntarily reporting and paying taxes
  • For tax inquiries, visit the Ministry of Finance’s tax portal 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.

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