VATupdate

Share this post on

Self-Auction of Mortgaged Assets by Creditors: Obligation to Issue Unified Invoice

  • Creditors must issue a unified invoice when auctioning or selling movable property mortgaged by debtors.
  • Creditors must issue a unified invoice when selling mortgaged property to buyers.
  • Failure to issue a unified invoice may result in penalties and additional taxes.
  • It is important for creditors to notify debtors to issue sales vouchers for tax purposes.
  • Failure to issue a unified invoice can be rectified by voluntarily issuing one before being penalized.
  • For further inquiries, individuals can contact the free service hotline at 0800-000321.

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.

Sponsors:

VAT news
VAT news

Advertisements: