E-Invoicing
E-invoicing is mandatory for cross border transactions
Digital Reporting
Yes
The Taiwan Ministry of Finance and the related National Taxation Administration are institutions leading the digitalization and implementation of e-invoicing obligations in Taiwan. The invoicing system in Taiwan is based on the usage of Government Uniform Invoices. These are specific to the state and type of invoices available and can be used in different formats, depending on the residence of the supplier/purchaser, type of business activity, annual turnover, and so forth. In 2018 the Taiwanese Government started the gradual, mandatory introduction of the so-called Electronic Government Uniform Invoices (eGUIs).
The E-Invoicing system in Taiwan is based on the real-time reporting of the eGUIs. The eGUIs have replaced paper-based scanned invoices in some circumstances. Non-resident entities performing cross-border supplies should be obliged to issue eGUIs to the end consumer and to report the sales transaction to the Electronic Platform of the Ministry of Finance, following the mandatory format and strict deadlines for transmission of sales data.
Before the foreign supplier of digital services can issue cloud-based eGUI’s, it should be mandatory to be registered with the MoF portal and receive a range of eGUI’s serial numbers, which will be allocated as a prescribed unique number on each document issued. The supplier should ask for a range of numbers on a bi-monthly basis (the tax reporting period timeframe).
An eGUI should comply with MIG 3.2.1 based on an XML format provided by the tax authority.
The foreign supplier of digital services to Taiwanese end consumers should report the sales data of the cloud-based eGUI within 48 working hours of the transaction.
Domestic suppliers or foreign suppliers with a physical presence in Taiwan performing B2B transactions should report eGUI to the Platform of the Ministry of Finance within 7 days of the transaction.
Ministry of Finance and related National Taxation Bureau
Non-compliance with invoicing regulations will trigger a fine between NT$3,000 and NT$30,000 and 1% of the sales amount on the uniform invoice.
No.
One way to comply with Digital Reporting Requirements in Taiwan is to use a provider like Fonoa.
With Fonoa you can:
Fonoa does not provide professional tax opinions or tax management advice specific to the facts and circumstances of your business and that your use of the Specification, Site, and In addition, due to rapidly changing tax rates and regulations that require interpretation by your qualified tax professionals, you bear full responsibility to determine the applicability of the output generated by the Specification and Services and to confirm its accuracy. No professional tax opinion and advice. Fonoa does not provide professional tax opinions or tax management advice specific to the facts and circumstances of your business and that your use of the Specification, Site, and In addition, due to rapidly changing tax rates and regulations that require interpretation by your qualified tax professionals, you bear full responsibility to determine the applicability of the output generated by the Specification and Services and to confirm its accuracy.