Taiwan

Taiwan’s Ministry of Finance (MOF) has clarified that medical beauty clinics providing non-medical services or selling beauty products must complete tax registration and collect Value-Added Tax (VAT) in accordance with the Value-Added and Non-Value-Added Business Tax Act. The ruling, effective immediately, targets the growing medical aesthetics sector where clinics often bundle taxable cosmetic sales with […]

Taiwan’s Ministry of Finance and India’s Ministry of Finance signed a Memorandum of Understanding (MOU) on August 28, 2026, to strengthen bilateral fiscal collaboration. The agreement covers tax administration capacity building, information exchange on tax evasion, customs cooperation, and joint research on digital economy taxation. This MOU aligns with Taiwan’s New Southbound Policy and India’s

A coordinated enforcement operation by Taiwan Customs Administration, the Investigation Bureau, and local police resulted in the seizure of smuggled goods and untaxed tobacco and alcohol products originating from mainland China. The operation, conducted in late August 2026, uncovered multiple containers misdeclared as legitimate imports. The contraband included electronics, agricultural products, and significant quantities of

The Ministry of Finance issued an interpretive ruling on August 28, 2026, clarifying the treatment of transaction losses for profit-seeking enterprises disposing of multiple properties subject to Land Value Increment Tax (LVIT) under separate calculation but combined filing. According to the ruling, losses from such transactions must first be offset against gains from other property

The Ministry of Finance announced that the interim filing period for 2026 (Year 115 of the Republic of China) Profit-Seeking Enterprise Income Tax will commence on September 1, 2026, and run through September 30, 2026. All profit-seeking enterprises with a fiscal year ending December 31 must file interim returns based on the first half of

The National Taxation Bureau of Taipei (NTBT) issued guidance on 28 August 2026 regarding the commodity tax refund program for consumers replacing old air conditioners with energy-efficient models. This measure aligns with the government’s “Cool Summer” campaign to promote energy conservation and reduce carbon emissions. The refund applies under the Commodity Tax Act for qualifying

In response to recent natural disasters, the Ministry of Finance implemented a temporary measure allowing owners of vehicles destroyed or severely damaged in designated disaster areas to receive a commodity tax refund when purchasing replacement vehicles. Effective August 28, 2026, the program refunds the commodity tax paid on the new vehicle up to the amount

On 28 August 2026, the NTBT clarified documentation requirements for profit-seeking enterprises reporting export sales allowances under the Income Tax Act. When Taiwanese companies grant price reductions or allowances to foreign buyers on exported goods or services, they must maintain comprehensive evidence from the overseas manufacturers to substantiate the deduction for corporate income tax purposes.

As Taiwan faces extreme summer heat, the Ministry of Finance issued guidance on August 28, 2026, outlining three critical reminders for consumers applying for commodity tax refunds when replacing old air conditioners with energy-efficient models under the “Old-for-New” stimulus program. The program, running through December 31, 2026, offers a refund of the commodity tax (currently

The NTBT announced on 28 August 2026 a commodity tax reduction program for vehicle owners replacing disaster-damaged automobiles. Under the Commodity Tax Act and relevant disaster relief regulations, owners of vehicles destroyed or severely damaged by natural disasters (including Typhoon Shadler) can receive commodity tax refunds or reductions when purchasing replacement vehicles. Key Takeaways Disaster