author_orbitax
Orbitax

Share This Article

Taiwan Ministry of Finance Issues Notice on Currency Conversion Requirements for Offshore Electronic Services Suppliers

05 July 2024

|

Approved Changes

|

Taiwan

Taiwan's Ministry of Finance has issued a notice on the currency conversion requirements for offshore electronic services suppliers. --- Offshore electronic services suppliers selling their services and pricing their sales in foreign currency shall convert the amounts into New Taiwan Dollars for reporting business tax. The National Taxation Bureau of Taipei, Ministry of Finance, stated that offshore electronic service suppliers pricing their sales of digital services in foreign currencies should convert the amounts into New Taiwan Dollars when reporting business taxes. The Bureau clarified that foreign e-commerce operators without a fixed place of business in our territories and selling digital...