Taiwanese VAT rates and compliance
Taiwanese VAT and GBRT rates
There are a range of VAT and Gross Business Receipts Tax (GBRT):
|Rate||Type||Which goods or services|
|5%||Standard||All other taxable goods and services|
|0%||Zero||Exports and related services; some goods and services associated with international transportation|
|0%||Exempt||Basic foodstuffs; sale of land; and a range of financial instruments|
|1%||GBRT||Small enterprises; reinsurance premiums|
|15%||GBRT||Entertainment services at restaurants or nightclubs|
As a tax payer, VAT registered business must comply with the rules and record keeping requirements of the VAT Act. This includes invoice format and records. VAT invoices and records must be stored for at least seven years. Records may be stored electronically.
Time of supply
The period the VAT is due – time of supply or tax point – is generally at the time of delivery or cash payment of the goods. For services, it is the time of cash settlement. For installment payments, the VAT is due at the corresponding time of each payment. VAT on advance payments are only liable when the delivery is performed.
Import VAT is due at the time of clearing the goods into Taiwan through customs.
Latest Taiwanese news
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Non-resident online sellers of digital services to Taiwanese consumers will be required to issue cloud-based government uniform invoices (GUI) from 1 January 2020. These are a form of government
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Taiwan has confirmed that the Value Added Tax registration threshold for non-resident suppliers of electronic services to consumers is Taiwanese $480,000 per annum. Since...
March 29, 2017
Taiwan has confirmed that it will begin to levy 5% VAT on electronic services provided to consumers by foreign providers. This brings the country...
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