Taiwan: Special E‑Invoice Prize Creates 972 Millionaires; Call to Use Redemption App

The Ministry of Finance reiterated that the special e‑invoice prize has generated 972 millionaires and called on the public to utilize the official redemption application to verify and claim winnings. Winners must register promptly, submit identification and tax ID, and complete the claim process within 30 days; otherwise, the prize is forfeited. All prize amounts are subject to a 10 percent withholding tax, and the Ministry reminded taxpayers to maintain accurate invoice records and ensure future invoices are properly registered to remain eligible for subsequent draws. Enhancements to the redemption platform aim to improve user experience and reduce processing times.

Key Takeaways

  • Eligibility: Register and verify via official app
  • Claim Deadline: 30 days from announcement
  • Tax Withholding: 10 percent on prize amounts

Source: Read Original Announcement