Q:
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Should the uniform invoice be issued if the business entities discount purchases the non-recourse accounts receivable other than the non-performing credit?
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A:
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For the business entities that computes tax in general tax computation according to the Section 1, Chapter 4 of the Value-added and Non-value-added Business Tax Act, if the business entities discount purchases the non-recourse accounts receivable other than the non-performing credit, when they obtained the income from reselling the accounts receivable or when the self-collected amount is greater than the original purchase price, the difference between should recognize as the interest income, a duplicate Taiwan uniform invoice should be issued, the receipt copy should keep by the issuer.
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Q:
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What accounting books should be set up by the Taiwan business entities?
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A:
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The business entities should set up the following accounting books, before using the accounting books, the number of pages should be numbered, the business entities are exempt from sending to the competent authority for verification since 1992.
1.
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Trading Business: Daily journal, General ledger, Inventory account, other necessary subsidiary books.
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2.
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Manufacturing Industry: Daily journal, General ledger, Raw material account, Work in progress account, Finished work account, Daily production report, other necessary subsidiary books.
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3.
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Construction Industry: Daily journal, General ledger, Construction work in progress account, Construction daily report, other necessary subsidiary books.
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4.
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Service Industry and Other Industries: Daily journal, General ledger, Record of operational volume, other necessary subsidiary books.
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5.
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Small-scale Business Entities that exempt from issuing Taiwan Uniform Invoice: Simple journal.
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Q:
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How long should the Taiwan entities keep the accounting books?
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A:
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Besides the open accounts, the accounting books should retain for at least ten years after the fiscal year. For the accounting books that damage or loss due to the force majeure is not subject to the limits after inspected by the competent authority.
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Q:
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How long should the Taiwan entities keep the accounting vouchers?
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A:
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Besides the permanent file or open accounts, the accounting vouchers should retain for at least five years after the fiscal year.
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Q:
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What to do if the purchasing certificate is lost?
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A:
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The business entities should report to the competent authority regarding the loss of the purchasing certificate and arrange to receive the new certificate.
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