- Businesses must issue official receipts for sales of goods as per the Value Added and Non-Value Added Business Tax Law Article 32
- Receipts should be issued within the time limits specified by the business sales voucher issuance schedule
- For contractors, the invoice issuance timing is based on the payment schedule outlined in the contract
- The invoice amount should not deduct penalties or uncollected project fees and should reflect the net amount
- The Kaohsiung National Tax Bureau provided an example where Company A contracted with Company B for a construction project
- Company A offset the final payment with a penalty due to late completion and reported lower sales on the invoice leading to tax underreporting
- The tax bureau imposed penalties and recovered the underreported tax from Company A
- Businesses are advised to issue missing invoices and report and pay the missed taxes before any investigation to avoid penalties
- The public can contact the tax bureau via a toll-free number or use the online tax assistant on their website for inquiries or issues
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.
