TAIWAN TAX REFUND. If your total sales in Taiwan remains below NTD 480,000, then you don’t need to worry about VAT at all. Tax identification numbers can be verified with the Ministry of Finance (MOF), and will follow a certain format. The eight digit numbers are grouped by region (Taipei, Kaohsiung, and the rest of Taiwan) within a specific prefix. Since Non-VAT is not recoverable, it is an additional cost on purchases. Have a question about our products and services? VAT returns must be filed bimonthly before the 15th day of the following period and tax must be paid at same time. This tax is paid by sellers of Republic of China securities at a rate of 0.3% of the gross proceeds from the sale of shares issued by companies. v1.7.0: Support new format of Dutch VAT number; v1.6.0: Fixed an issue that the country option isn't passed to the placeholder message; Related validators. The following validators might be useful to you. Securities transaction tax. Phew! No.1, City Hall Rd., Xinyi District, Taipei City 110204, Taiwan (R.O.C.). by Matt Slater 27 June 2018. Goods are imported into Taiwan from a foreign country, although exceptions exist for goods imported by export businesses located in duty-free EPZs, by businesses in science parks or bonded factories or bonded warehouses supervised by customs (bonded areas). The Taiwan company registration form is a document completed during the application process for registering a new Taiwanese company. For an individual using Chinese ID card as its identification, TIN is its ID number which consists of 18 characters. If the application process is approved, authorities stamp this form and issue the company with a registration number. The above institutions may qualify for a VAT refund, provided reciprocal treatment or an ex-emption from similar taxes is granted to the same institutions of Taiwan by the foreign country in which they are performing such activities. See Specifying the GUI/VAT Number Segments Used by Programs. In Taiwan, a VAT-system business entity selling goods or services must issue a GUI to a purchaser at the time of sale, delivery, or receipt of payment, as the case may be. A Guide to VAT / GST in Asia Pacific 2019 is an essential reference for quick and easy access to information on the Value Added Tax (VAT) and Goods and Services Tax (GST) systems across 17 countries in the Asia Pacific. Taiwan VAT number format Businesses in Taiwan that are required to collect tax will be issued an identification number. The Non-VAT payable, if any, must be paid to the government treasury in advance (i.e. VAT number format: 000-00-00000 (showing tax office location, legal entity type and serial number) VAT return periods: Quarterly: Registration thresholds: None (except for simplified taxation) Simplified taxation: Individual businesses with prescribed categories and with turnover less than KRW48 million in previous calendar year: A business entity may not deduct input VAT from output VAT in the following cases:- Supporting documents with respect to the purchased goods or services were not obtained or properly maintained.- The goods or services purchased were not for the use of the entity’s principal and ancillary business operations (with certain exceptions).- Goods or services for community relations/entertainment purposes.- Goods or services awarded to individual employees.- Passenger cars for personal use. Phew! We'll assume you're ok with this, but you can opt-out if you wish. international transactions an overview of Taiwan’s VAT system. Thirty-two items are exempt from VAT; these include the sale of land and medical services, and pharmaceuticals provided by hospitals. Scope Article 1 of the Value Added and Non-Value Added Business Tax Act states “business tax, in the form of value-added or non-value-added tax, shall be levied upon the sale of goods and services within the territory of the R.O.C. The government uniform invoice (GUI) is a standard VAT invoice. Each EU member country has a slightly different format for their VAT number system, featuring a variation of numbers and letters. Postcode is required. Business tax is imposed under two systems: the value-added-tax (VAT) system and the non-value-added tax (Non-VAT) system. VAT number format VAT in local languages Enquiry letter; Austria (AT) U12345678 9 characters. The 10th character is always B, Companies forming a VAT Group have the suffix BO2, 9 digits and the letters 'MVA' to indicate VAT registration, Last (ninth) digit is a MOD11 checksum digit. If your customer is a fellow business, and they’ve provided a valid VAT number, then adding and collecting tax isn’t necessary! They may apply for refunds on VAT incurred on costs if there is a reciprocity agreement between their country of residence and Taiwan. 1234567WA (companies) 1234567FA (individuals), 8 or 9 characters Includes one or two alphabetical characters (last, or second and last, or last 2), 12 characters. Look at an invoice or insurance document to find a VAT number. Choose the number series to use for each report. Use form W-7 to apply for an ITIN. It is up to the sales offices to apply for the number ranges periodically. To let users change and resubmit this report, choose the Modify Submitted Reports check box. Securities transaction tax. Input VAT paid may be credited against output VAT, and if the input VAT exceeds the output VAT (resulting in overpaid VAT), the business entity will have a VAT credit. The invoice, which is called a Government Uniform Invoice (GUI), is regulated by the tax law as to its format, content and submission. Note: Financial institutions, certain restaurants, and small companies are subject to Non-VAT on the basis of their gross business receipts in accordance with Section 2, Chapter 4 of the Business Tax Act; other business entities are subject to VAT in accordance with Section 1, Chapter 4 of the Business Tax Act. Value Added Tax (VAT Rates) per Country. Business entities that sell goods or services. Collecting VAT in Taiwan. VAT numbers are usually printed on an invoice or receipt—especially if the company includes the VAT tax in their prices. Country/region VAT info; Austria - VAT Number Format: 1 letter and 8 digits - Country/region code: AT - Example: U12345678 - Notes: First character will always be 'U'. The GUI issued by a Non-VAT business entity only has to state the sales amount. The steps for VAT registration in Taiwan have to be completed with the Ministry of Finance; there is a difference between the requirements available for local businesses and the ones that are registered elsewhere.For instance, local companies can easily apply for a VAT number in Taiwan, but foreign entities can’t apply for a VAT number. Foreign businesses generally cannot apply for VAT or GBRT registrations. To set up your system for sales order processing, you must complete all of the standard setup such as setting up AAIs, order activity rules, and so on; and complete this Taiwan-specific setup: Set up GUI numbers and segments. It is important that companies take close care in using the correct format as the numbers are frequently checked against the VIES system, and errors may create delays or even fines. Country Taxpayer Identification Numbers (TIN) TIN Format Where to find it Canada Social Insurance Number (SIN) 999 999 999 (9 characters) • Ta x Returns and Assessments China China ID Number 99999999999999999(X/9) - (18 character) • ID Card Denmark CPR Number 999999 -9999 (10 character) • Passport • Health Insurance a VAT return for January and February must be filed and VAT paid before March 15. Business entities that qualify for the 0% VAT rate may apply to the tax office to file the VAT return on a monthly basis. Fuel oil for agricultural or fishery use is exempt from business tax. For example, Taipei may have numbers 00000000 to 79999999 and Kaohsiung may have 80000000 to 99999999 for prefixes TM through TN. What supplies are liable to the standard rate? City is required. Taiwan Company Registration Form - An Introduction. The government assigns GUI numbers to VAT payers every two months. Including VAT (Value Added Tax) rates for Spain, France, Belgium, South Korea, Japan, Pakistan, Singapore and more. A business entity consigns goods to another entity for sale or sells goods consigned to it by another business entity. A business entity purchases or imports goods on behalf of a third party and delivers the goods to the third party. "Bonded zone business entity" is an enterprise inside an EPZ, a science park, an agricultural technology park, or an FTZ that has been approved by the government, and also means a bonded factory, bonded warehouse, or logistics center administered by customs, or an enterprise inside any other designated area approved for establishment by the competent authority in charge of the relevant industry and supervised by customs. Title is required. Moreover, if the transferring party or the party that changes the purpose of use is unknown, the taxpayer is the holder of the goods. Avalara EU > webinars, guides and products, 9 characters the first character is always a ‘U’, Prefix with zero ‘0’ if the customer provides a 9 digit VAT number, 9 characters The last character must always be a letter, 8, 9 or 10 characters If more than 10 characters are provided delete the first 3, 12345678901 X1234567890 1X123456789 XX123456789. The Taiwan eGUI system requires adherence to the following requirements when supplying e-invoices to Taiwan-based consumers: eGUI numbers: You should estimate the number of eGUI numbers needed and request them ahead of time. (However, a refund will not be available where documentation relating to the goods or services purchased is not maintained or where the goods or services purchased are under NTD5,000.). The following sales of goods and provision of services are zero-rated: Goods sold to outbound or transit passengers by duty-free shops established under an applicable law; "Bonded zone" means an EPZ, a science park, an agricultural technology park, or an FTZ approved by the government, or a bonded factory, bonded warehouse, or logistics center administered by customs, or any other designated area approved for establishment by the competent authority in charge of the relevant industry and supervised by customs. This website uses cookies to improve your experience. When you create an Intrastat file, in position 6 of record 0, the value-added tax (VAT) registration number uses the company VAT registration number even though the vendor VAT registration number is specified. The tax authorities in Taiwan predefine these alphanumeric codes and issue them to company sales offices as a number range. The overpaid VAT is on goods or services subject to 0% VAT; The overpaid VAT is on purchased fixed assets; or. The amount of overpaid VAT claimed by a business entity will be refunded after verification by the tax authorities when: To qualify for creditable VAT, business entities that are permitted to deduct input VAT from output VAT must maintain the following documents that include their names, addresses and business registration numbers:- A GUI specifying the VAT paid on purchases of goods and services.- A GUI specifying the amount of VAT issued by the business entity itself in circumstances that are deemed to be the sale of goods or services.- Other documentary evidence specifying the amount of business tax and approved by the MOF. Choose the icon, enter VAT Report Setup, and then choose the related link. In Taiwan, a VAT-system business entity selling goods or services must issue a GUI to a purchaser at the time of sale, delivery, or receipt of payment, as the case may be. 11 characters May include alphabetical characters (any except O or I) as first or second or first and second characters. In some areas, passport numbers are also recognized as TIN for foreign individuals. To find a VAT number, look for 2 letters followed by a hyphen and 7-15 numbers. The tax authorities in Taiwan predefine these alphanumeric codes and issue them to company sales offices as a number range. It is up to the sales offices to apply for the number ranges periodically. Each EU member country has a slightly different format for their VAT number system, … Get a free online, Europe-wide, VAT assessment in minutes. The VAT filing due date for March- April period is May 15. The alternative to a tongyibianhao, a tax filing number for representative offices in Taiwan, as a representative office can’t undertake sales in Taiwan. If your total sales in Taiwan remains below NTD 480,000, then you don’t need to worry about VAT at all. In accordance with the relevant tax laws and regulations, all sales of goods and services in Taiwan, as well as the importation of goods into Taiwan, are subject to business tax. Register and watch 'Brexit: the morning after' - our post-Brexit VAT and customs virtual summit. The following are business tax taxpayers: A VAT-system business entity supplies goods or services to another business entity (usually business-to-business) in accordance with Section 1, Chapter 4 of the Business Tax Act, A VAT-system business entity supplies goods or services to a non-business entity in accordance with Section1, Chapter 4 of the Business Tax Act, A special business tax system business entity supplies goods or services to buyers in accordance with Section 2, Chapter 4 of the Business Tax Act, A VAT-system business entity uses a cash register to record its sales of goods or services in accordance with Section 1, Chapter 4 of the Business Tax Act, A business entity (in both the VAT and Non-VAT systems) uses a computer to record its sales of goods or services in accordance with Section 1 and 2, Chapter 4 of the Business Tax Act. In accordance with the relevant tax laws and regulations, all sales of goods and services in Taiwan, as well as the importation of goods into Taiwan, are subject to business tax. Output VAT is the amount of VAT to be collected at the time goods are sold or services are provided. For more information on data accuracy, please visit our data page. as well as upon imported goods.” Tax identification numbers. The types of GUI and their usage are as follows: Financial institutions, certain restaurants, and small companies are subject to Non-VAT on the basis of their gross business receipts. Purchasers of services provided by foreign enterprises, institutions, groups, or organizations that do not have a fixed place of business in Taiwan; however, where a foreign international transport enterprise does not have a fixed place of business in Taiwan, but has an agent in Taiwan, the agent is the taxpayer. Click for free EU VAT number formats info. Goods are produced, imported, or purchased by a business entity for its own consumption (except for the purpose of further production) or are transferred to another entity for no consideration. The sales amount is all compensation received from the sale of goods or the provision of services, including any expense reimbursements other than the selling price of goods or services sold. In 2017, tax rate is 5%. A value added tax identification number or VAT identification number (VATIN) is an identifier … The Taiwan eGUI system requires adherence to the following requirements when supplying e-invoices to Taiwan-based consumers: eGUI numbers: You should estimate the number of eGUI numbers needed and request them ahead of time. Country codes, two letters, are inserted before the VAT number if the company is using the number for the purposes of intra-community trade. In 2017, tax rate is 5%. To prepare and submit a VAT report. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) Address is required. Once approved to file tax return on a monthly basis, the business entity cannot request change to the filing basis for one year. The Non-VAT rate ranges from 0.1% to 25% as follows: Services relating to exports or services provided in Taiwan, but used in a foreign country; Goods or services sold to a bonded zone business entity for its operational use; International transportation, although foreign transport enterprises engaged in international transport within the territory of Taiwan will qualify for the zero tax rate only if reciprocal treatment or an exemption from similar taxes is granted to international transport enterprises of Taiwan by the foreign country in which the foreign enterprise is incorporated; Vessels and aircraft used in international transportation and deep sea fishing boats; Sales of goods and maintenance services to vessels and aircraft used for international transportation and deep sea fishing vessels; Goods sold by a bonded zone business entity to a taxable zone business entity and exported directly without being transported to the taxable zone; Goods sold by a bonded zone business entity to a taxable zone business entity for export and placed in a bonded warehouse or logistics center administered by an enterprise inside an FTZ or by Customs. Government Uniform Invoice(GUI) overview . Saloons and tea rooms, coffee shops, and bars providing hostesses to entertain customers, Night clubs or restaurants providing entertainment shows, Enterprises engaged in banking, insurance, investment trust, securities, futures, commercial paper, and pawnshops, Reinsurance premiums of insurance enterprises, Small business entities and other business entities exempted by the MOF, Consignees in agricultural wholesale markets and small business entities that sell agricultural products. Taiwan has a unique system of invoicing for VAT purposes. This section provides an overview of domestic rules in the jurisdictions listed below governing the issuance, structure, use and validity of Tax Identification Numbers ("TIN") or their functional equivalents. Business tax is imposed under two systems: the value-added-tax (VAT) system and the non-value-added tax (Non-VAT) system. (Business Tax Act or BTA), the sale of goods and the provision of services in Taiwan, as well as the import of goods into Taiwan, are subject to business tax. The VAT filing date is the 15th day of every odd month; e.g. id. The GUI may be issued, transmitted, or obtained via the internet or other electronic means if so approved by the competent tax authority.When a business entity uses the E-Invoice Platform or a value-added service center for issuing and transferring the GUI to business purchasers, or issues a GUI by other information systems and delivers it to business purchasers through the E-Invoice Platform, delivery is deemed to be completed when the purchaser receives the GUI on the E-Invoice Platform or value-added service center. For B2C digital services, foreign providers must VAT register if … Once a company has received approval for an VAT number, see our EU VAT Number Registration briefing, it will receive a VAT number. But once your local sales do surpass NTD 480,000, then you may have to register for VAT and comply with all of the Taiwanese rules around tax rate and collection, invoices, and filing returns. Type of indirect tax: VAT. The VAT overpayment is made by a business entity that has submitted an application for the cancellation of business registration due to a merger, business transfer, dissolution, or cessation of business. Business tax (value-added tax Tax amount = (sales - purchases) * tax rate . Input VAT is the VAT paid by a business entity at the time goods or services are purchased. Inventory is offset against the liabilities of, or distributed to, shareholders or partners when a business entity is dissolved or ceases to do business. The only exemption from this rule is available … The number for most companies goes as follow; take the nine digit VAT number and add 000 onto the end. 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