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Taiwan Notice on Proper Invoicing for Different Types of Internet Transactions

24 July 2023

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has published a notice on proper invoicing for different types of internet transactions. --- Internet transactions should be invoiced according to the transaction types In this day and age of inflation, more and more people have turned to the internet to boost their income by selling goods or labor services, or buy acting as a purchasing agent. However, in practice, there is often confusion between the transaction types of "purchase and sale," "purchasing agency," and "collection and payment transfer," resulting in incorrect invoicing. In order to help business entities understand the various types of invoicing methods,...