- Small-scale businesses can deduct input tax from their assessed tax.
- To qualify, they must obtain invoices with their name, address, tax ID, and tax amount.
- The invoices must be for business use, not for entertainment, employee compensation, or personal vehicles.
- They must file their invoices by the 5th of January, April, July, and October.
- The deduction is 10% of the input tax.
- Any excess deduction can be carried over to the next period.
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.