Taiwan's Ministry of Finance has published a notice explaining that a construction business settling fines for the late competition of projects must issue invoices and pay business tax based on the full project payment amount in cases where the business opts to offset the payment by the fine amount (i.e., the actual payment received is less than the full project payment amount due as result of offsetting the fine). --- Business Entities Settling Overdue Fines with Project Payments Shall Still Issue Uniform Invoices and Report Business Tax Based on the Project Payments. The National Taxation Bureau of Taipei, Ministry of...