Posts about “Taiwan”

Taiwan gets serious on digital economy tax

Wed, Apr 19, 2017
Taiwan’s tax on the digital economy is now a reality. The Taiwan Tax Administration is also getting serious on enforcement with details in the country’s new digital Value Added Tax (VAT) legislation including the possible loss of a license for non-compliant foreign businesses. The rules mean foreign businesses that supply digital services (e.g. video gaming, streaming, image downloads, etc) to Taiwan residents will have to register for VAT in Taiwan, file VAT returns, and pay VAT to the Taiwan Tax Administration.