- Businesses using uniform invoices must report and pay business tax on remaining inventory when dissolving or ceasing operations
- Remaining inventory used for debt repayment or distribution must be invoiced and taxed
- The business tax paid on the original purchase of goods has already been deducted
- According to the Value-Added and Non-Value-Added Business Tax Act, remaining inventory used for debt repayment or distribution is considered a sale and must be invoiced at market value
- Example: A car company distributing 5 cars to shareholders valued at 5 million NTD must issue invoices and pay business tax on this amount
- Businesses should self-report and pay any missed taxes with interest before being investigated to avoid penalties.
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.