- Businesses purchasing passenger cars for personal use cannot deduct the input tax paid from the output tax
- An example was given of a company that falsely reported input tax on a purchased car, resulting in a penalty
- Businesses should report any instances of not being able to deduct input tax before being investigated to avoid penalties
- People with questions can contact the tax office 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.
