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Taxation - Taiwan

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Obligation of Collection by A Third Party

Answer
Q:
What rewards are there for the agent collector to complete the agent collection obligation in accordance with legal procedures and deadlines?
A:
If the tax collector completes his tax collection obligations in accordance with the legal procedures and within the time limit, the tax collection agency in charge shall give a bonus of 1% of the tax collection amount, but each tax collector shall pay NT$ 24 million per year. Yuan is the limit.

Q:
How to apply for bonus collection by securities firms?
A:
The bonus collected by the securities firm will be sent by the tax agency on its own initiative, and the receipt will be checked by the securities firm and stamped with the company's seal, and then sent directly to the National Taxation Bureau of the securities firm's domicile. The company shall transfer the bonus to the account designated by the securities firm.

Q:
How to apply for the bonus for the collection of securities transaction tax for private trading of stocks?
A:
The applicant fills out the application form by itself and attaches the photocopy of the payment receipt for the general tax collection of securities transaction tax, the receipt and payment certificate, etc., and sends it directly to the taxation agency under the jurisdiction of the tax collector's address listed in the payment letter.

Q:
What rewards are there for reporting or reporting on securities transaction tax collectors who do not collect, short-collect, or omit tax collection, or securities traders who evade tax through fraud and other improper behaviors?
A: Reporting or reporting that the securities transaction tax collector has failed to collect, short-collected, or missed tax collection, or that securities traders have evaded tax through fraud and other improper acts 20%, rewarded to the reporter, and kept absolutely secret for the reporter.

Q:
What are the penalties for futures merchants who fail to report trading information in accordance with the regulations or report falsely?
A: A futures merchant who fails to submit the futures trading list or media information to the taxation agency under its jurisdiction according to the regulations, or if the reported items are false or untrue, shall be fined not less than NT$15,000 but not more than NT$30,000.

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