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Taiwan Ministry of Finances Notes Need to Include Business Tax When Pricing Taxable Goods or Services

22 June 2023

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has published a notice on the need for businesses to include business tax (VAT) when pricing taxable goods or services sold to consumers. --- Business Entities Should Include the Business Tax When Pricing Taxable Goods or Services Sold to Consumers. The National Taxation Bureau of Taipei, Ministry of Finance has stated that business entities should include the business tax when pricing taxable goods or services sold to consumers. The indicated price of the goods or services should already incorporate the business tax, and business entities shall issue uniform invoices for reporting and payment of the business...