- Taiwanese Ministry of Finance opened consultation period for VAT amendments
- Proposed increase in VAT threshold for non-resident digital service providers
- New threshold set at TWD 600,000, up from TWD 480,000
- Rules will apply to all non-resident entities supplying digital services to Taiwanese consumers
- Non-resident taxable persons exceeding current threshold must register, charge, collect, and remit VAT
- Change in VAT threshold due to Ministry of Finance’s decision to increase monthly business tax threshold
- Foreign service providers should monitor developments and comment on proposed changes
- Taxable persons subject to rules should evaluate turnovers for VAT registration in Taiwan
Source: vatabout.com
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.
