- Taiwan plans to increase the business tax registration threshold for electronic services starting 1 January 2025
- Current monthly sales threshold of NTD 40,000 will be raised to NTD 50,000
- Annual sales threshold for electronic services will increase from NTD 480,000 to NTD 600,000
- Ministry of Finance initiated a 60-day public comment period on 24 December 2024 regarding the draft amendment
- Amendment affects foreign entities selling electronic services in Taiwan without a fixed business location
- Entities must register for tax and file VAT returns if annual sales exceed NTD 600,000
- Changes apply immediately upon official announcement, but previous threshold applies to sales before implementation
Source: taxathand.com
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.
