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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