TW Business tax (including value- 	 added tax [VAT] and gross 	 business receipts tax [GBRT]) Rates Taiwan — Business tax (including value- added tax [VAT] and gross business receipts tax [GBRT])

General VAT Rate Other Rates Local Currency
5% NA Dollar (TWD)

Taiwan's general VAT rate is 5%, with other rates including NA that can apply to certain transactions. The Business tax (including value- added tax [VAT] and gross business receipts tax [GBRT]) is administered by the Ministry of Finance (MOF) in Taipei.

Taiwan has a modified VAT, called GBRT, ranging from 0.1%-25% for various services:

15% higher VAT rate on: entertainment and restaurants
25% higher VAT rate on: establishments providing female meeting services
3% reduced VAT rate on: foreign investment company services
2% reduced VAT rate on: financial services
1% reduced VAT rate on: reinsurance services.

Taiwan is a member of the WTO, APEC, ECFA trading bloc, which may affect international VAT collection and regulations.

Taiwan's consumption tax is called the Business tax (including value- added tax [VAT] and gross business receipts tax [GBRT]),

Introduced

13 June 1931 (revised November 2011)


Taiwan Rates for 2017

VAT
5%, 0% and exempt
GBRT
0.1% to 25%

Taiwan VAT number format

Businesses in Taiwan that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the Ministry of Finance (MOF), and will follow a certain format. The VAT number format is 10001111 (eight digits).


Taiwan Return periods

Businesses in Taiwan that are required to collect tax from consumers must file regular tax returns with the Ministry of Finance (MOF) in Taipei. Taiwan's Return periods are:

Bimonthly


Taiwan Business tax (including value- added tax [VAT] and gross business receipts tax [GBRT]) Thresholds

These are the revenue thresholds at which businesses in Taiwan are required to start collecting and remitting tax.

Registration
None (a business entity that conducts business activities in Taiwan must register)

Recovery of VAT by non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. In Taiwan, taxation of a non-established business is: No, with exceptions


Taiwan VAT Refunds

Many countries allow tourists, and others making purchases for export, to receive a VAT refund on exiting the country (or make purchases VAT free). While we don't have data on the Taiwan VAT refund program, more info can be obtained from the Ministry of Finance (MOF).


TW Business tax (including value- 	 added tax [VAT] and gross 	 business receipts tax [GBRT]) Rates Taiwan Tax Sources & Citations

  • EN: Taiwan Value Added Tax
  • RU: НДС
  • CN: 增值税
Note: This page is intended to be a simple overview of Taiwan's consumption tax structure, is provided as-is, and is not legal advice. Please let us know if any of the Taiwan tax information on this page is incorrect or out of date.
Citations:
  1. Taiwan Ministry of Finance (MOF) (accessed 2017)
  2. Ernst & Young global VAT tax study, Taiwan (updated 2017)

  3. ← Back to World VAT Rates
** This Document Provided By SalesTaxHandbook **
Source: http://world.salestaxhandbook.com/tw-taiwan