- Businesses selling or disposing of movable property mortgaged by the debtor must issue a sales invoice.
- Creditors selling or disposing of mortgaged or pledged property to secure their rights must issue a sales certificate to the buyer.
- If the original owner of the mortgaged or pledged property is a business, the creditor must notify them to issue a sales certificate when receiving payment from the buyer.
- An example is given where a creditor auctions a vehicle mortgaged by a debtor to a third party, and both parties must issue invoices for the transaction.
- Taxpayers with questions can contact the Kaohsiung National Taxation Bureau or visit their website for assistance.
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.
