FAQFAQ for the Taiwan Business Tax 16
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The assessed tax amount of business person is less than the minimum amount for assessment, the business person had been found that supplementary payment for tax owed is required, could the input tax voucher provided to deduct the amount of the supplemented tax? |
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The assessed tax amount of the business person that less than the minimum amount for assessment, the tax authority founded that the sales amount is greater than the assessed sales amount, supplementary payment of tax is required, the business person should submit the sales amount of current period within the specified period. The purchases of goods or services for business operation according to the Article No. 33 of the Value-added and Non-value-added Business Tax Act, obtains evidence stating the amount of business tax, and files a return as required, 10% of input tax could be deducted from the assessed tax amount by the competent tax authority.
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The Taiwan business person that sales of used passenger car, purchased the used passenger car or motorcycle from the business person that tax computed according to the Section 2, Chapter 4 of the Value-added and Non-value-added Business Tax Act, the government agency or the individual, the Taiwan business person obtained the original copy of the input tax voucher, could it being declared to offset the output tax? And, when should the deduction be made? |
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For the purchasing cost, the business person could compute the input tax amount according to tax rate stipulated in the Article No. 10 of the Value-added and Non-value-added Business Tax Act, the input tax may be calculated by the following formula: Input tax = (Purchased cost of the used passenger car or motorcycle / (1 + applicable collection rate) * Applicable collection rate
For the input tax, when the business person declare the sales amount of the used passenger car or motorcycles of the period, the business person should also declare for the deduction of the output tax. However, if the input tax of the used passenger car or motorcycle is higher than the output tax of the vehicle, the excess portion shall not be deducted (Choose the smaller between Input tax amount and the Output tax amount). The used passenger car bought for personal use, not use for the sales of goods or services, it is not deductible. The input tax voucher of the purchased passenger car, including the receipt, declaration form for individual income derived from incidental trading, special uniform invoice, a sales contract or letter of assignment and other evidence vouchers. |
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The accommodation fees paid by the Taiwan business office or Taiwan agent for the pilots and cabin crew of the foreign international transportation company, could the output tax be deductible? |
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The accommodation expenses paid by the Taiwan business office or Taiwan agent for the pilots and cabin crew of the foreign international company, after receiving the output tax voucher under the name of the Taiwan business place or Taiwan agent, the output tax could be offset according to the regulations of the official document No. 760074195 issued by Ministry of Finance on 13 October 1987.
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The Taiwan credit cardholders using the credit card to accumulate points, so that they could waive annual fees or redeem goods, is that belongs to the discount of sales of services of the credit card issuer?The Taiwan business person places the advertisement at the manpower website, could the output tax be deductible? |
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The Taiwan business person place the advertisement at the manpower website, it is complying with the Article No. 33 of the Value-added and Non-value-added Business Tax Act, therefore, the input tax is able to offset the output tax.
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The Taiwan business person would like to deduct input tax from output tax, what are the documentary evidence should be provided? |
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The Taiwan business person which would like to deduct input tax from output tax, shall maintain the following documentary evidence with its name, address, and business administration number on such documents.
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