Taiwan Tax Update April 2024
Value Added Tax
- Executive Yuan passed draft amendments to BTA which requires e-GUIs to be uploaded to e-GUI Platform for retention and verification purposes within prescribed time limit
- MOF released tax ruling clarifying penalty applicable to business entities failing to issue GUIs or issuing GUIs with understated sales amount, where non-compliance is detected before statutory filing deadline of corresponding VAT return
Income Tax
- MOF announced that profit-seeking enterprises, institutions, and organizations may access income query service for tax year 2023 from April 26, 2024 to May 31, 2024 using digital certificates
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