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. See Specifying the GUI/VAT Number Segments Used by Programs. To find a VAT number, look for 2 letters followed by a hyphen and 7-15 numbers. 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. The first character is always ‘U’. by Matt Slater 27 June 2018. international transactions an overview of Taiwan’s VAT system. 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 value added tax identification number or VAT identification number (VATIN) is an identifier … The invoice stamp has a standard format of 4 cm length and 3.5 cm width. 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. Securities transaction tax. Export sales and export-related services, however, are subject to zero tax rates. 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. In the table below we have provided sample IBAN number as well as country code and account format checksum validation support. 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 alternative to a tongyibianhao, a tax filing number for representative offices in Taiwan, as a representative office can’t undertake sales in Taiwan. Individual Taxpayer Identification Number (ITIN) An ITIN is a nine-digit number issued by the IRS to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number. Click for free EU VAT number formats info. If the purchaser is not a business entity, the business tax does not need to be itemized on the GUI. The only exemption from this rule is available … IBAN Structure examples can be used to test our service and understand how different countries construct IBAN numbers. 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. For small business entities and other business entities exempted by the MOF, the taxpayer must pay the Non-VAT every three months according to the tax payment voucher issued by the tax authorities. Securities transaction tax. Requirements for VAT Refund: Foreign travelers, with the entry document, who make purchases of at least NT$2,000 on the same day from the same designated stores with the "Taiwan Tax Refund"-label are eligible to request the "Application Form for VAT Refund." Collecting VAT in Taiwan. id. In addition, any of the following circumstances will be deemed to be a sale of goods for business tax purposes: A sale of services is the supply of services to others or the provision of goods for the use by others for consideration, with the exception of professional services offered by practitioners and services rendered by employees. 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. Choose the icon, enter EC Sales List or VAT Return, and then choose the related link. Type of indirect tax: VAT. Country is required. We'll assume you're ok with this, but you can opt-out if you wish. (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. Tel: 886-2-2720-8889 For callers in Taipei City, please dial 1999 for the Citizen Call Center 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. Choose the number series to use for each report. Get a free online, Europe-wide, VAT assessment in minutes. They are occasionally printed on insurance forms or claims as well. 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. VAT number format VAT in local languages Enquiry letter; Austria (AT) U12345678 9 characters. 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 … Look at an invoice or insurance document to find a VAT number. 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. What supplies are liable to the standard rate? Tax identification numbers can be verified with the Ministry of Finance (MOF), and will follow a certain format. as well as upon imported goods.” The Non-VAT payable, if any, must be paid to the government treasury in advance (i.e. The eight digit numbers are grouped by region (Taipei, Kaohsiung, and the rest of Taiwan) within a specific prefix. Only latin characters and custom symbols. India which came into effect from 1 July 2017 to replace a number of other indirect taxes, and the ... PwC Asia Pacific VAT/GST Guide 2019 8 Sri Lanka Taiwan Thailand Vietnam VAT VAT Non-VAT VAT VAT 15% For VAT: 5% For non-VAT: 15% and 25% 10% but currently prescribed as 7% 10% 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. City is required. [20], 9 characters Includes 1 or 2 alphabetical characters (first or last or first and last). Only latin characters and custom symbols. Since Non-VAT is not recoverable, it is an additional cost on purchases. Government Uniform Invoice(GUI) overview . VAT returns must be filed bimonthly before the 15th day of the following period and tax must be paid at same time. before the Non-VAT return is filed), and the taxpayer must attach the receipt to the tax return. Tax Withholding Number, 扣繳號碼, Kòu jiǎo hàomǎ. Postcode is required. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) Non-VAT returns must be filed bimonthly. In some areas, passport numbers are also recognized as TIN for foreign individuals. Taiwan Pocket Tax Book 1 FOREWORD Welcome to Taiwan Pocket Tax Book 2018. Country codes, two letters, are inserted before the VAT number if the company is using the number for the purposes of intra-community trade. 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. The VAT number format is 10001111 (eight digits). For example, Taipei may have numbers 00000000 to 79999999 and Kaohsiung may have 80000000 to 99999999 for prefixes TM through TN. Foreign enterprises, institutions, organizations, or associations that do not have a fixed place of business in Taiwan and that purchase goods or services for exhibitions or temporary business activities within a period of one year and on which the VAT is more than NTD5,000 may qualify for a VAT refund on the goods or services. Phew! If your total sales in Taiwan remains below NTD 480,000, then you don’t need to worry about VAT at all. A business entity purchases or imports goods on behalf of a third party and delivers the goods to the third party. Each EU member country has a slightly different format for their VAT number system, featuring a variation of numbers and letters. 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. If your customer is a fellow business, and they’ve provided a valid VAT number, then adding and collecting tax isn’t necessary! In 2017, tax rate is 5%. 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). i.e. Tax identification numbers. The following are considered to be imports of goods: Goods are transported out of bonded areas from businesses in the above areas. It is up to the sales offices to apply for the number ranges periodically. The government uniform invoice (GUI) is a standard VAT invoice. Taiwan Company Registration Form - An Introduction. However, if a transfer or a change in the purpose of use, the fuel loses tax-exempt status accordingly, and the taxpayer is the transferring party or the party that changes the purpose of use. Value Added Tax (VAT Rates) per Country. Assume that you have the tax representative number specified in the company information in the Italian version of Microsoft Dynamics NAV. It is up to the sales offices to apply for the number ranges periodically. Input VAT is the VAT paid by a business entity at the time goods or services are purchased. The following validators might be useful to you. The buyer will handle tax, via Taiwan's reverse-charge mechanism. See Specifying the GUI/VAT Number Segments Used by Programs. Including VAT (Value Added Tax) rates for Spain, France, Belgium, South Korea, Japan, Pakistan, Singapore and more. To prepare and submit a VAT report. The GUI issued by a Non-VAT business entity only has to state the sales amount. 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'. "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. 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. Pursuant to the “Value-added and Non-value-added Business Tax Act? No.1, City Hall Rd., Xinyi District, Taipei City 110204, Taiwan (R.O.C.). Once a company has received approval for an VAT number, see our EU VAT Number Registration briefing, it will receive a VAT number. 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. Taiwan has a unique system of invoicing for VAT purposes. VAT (value added tax), 營業稅, Yíngyèshuì VAT numbers are usually printed on an invoice or receipt—especially if the company includes the VAT tax in their prices. (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.). Data updated on 28 July 2020. For B2C digital services, foreign providers must VAT register if … This booklet provides quick and easy access to information on various tax ... VALUE ADDED TAX 63 General overview 63 Taxpayers 64 VAT rate 64 GBRT rates 66 Exempted goods … Have a question about our products and services? This website uses cookies to improve your experience. Business tax is imposed under two systems: the value-added-tax (VAT) system and the non-value-added tax (Non-VAT) system. 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 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. Moreover, if the transferring party or the party that changes the purpose of use is unknown, the taxpayer is the holder of the goods. A business entity consigns goods to another entity for sale or sells goods consigned to it by another business entity. The overpaid VAT is on goods or services subject to 0% VAT; The overpaid VAT is on purchased fixed assets; or. Business Tax Value added tax (VAT) at 5% is known as the Business Tax and applies to business persons in all industries under the VAT system. A sale of goods is defined as the transfer of goods to another entity for compensation in Taiwan. Choose the icon, enter VAT Report Setup, and then choose the related link. See Setting Up the GUI/VAT Sales Number Register. If not valid, apply at GOV.uk website Fuel oil for agricultural or fishery use is exempt from business tax. For an individual using passport or other ID certificate as its identification, TIN is assigned in the following format . The tax authorities in Taiwan predefine these alphanumeric codes and issue them to company sales offices as a number range. If the application process is approved, authorities stamp this form and issue the company with a registration number. If your total sales in Taiwan remains below NTD 480,000, then you don’t need to worry about VAT at all. 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. 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. 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. 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. Once you’re registered for taxes, you’re expected to charge 5% VAT on every sale to a Taiwanese resident. VAT: 5%, 0% and exempt : GBRT: 0.1% to 25%: VAT number format: 10001111: Return periods: Bimonthly: Thresholds: Registration: None (a business entity that conducts business activities in Taiwan must register) Recovery of VAT by non-established businesses: No, with exceptions Telephone number is required. Output VAT is the amount of VAT to be collected at the time goods are sold or services are provided. In 2017, tax rate is 5%. The government assigns GUI numbers to VAT payers every two months. GB987654321 becomes GB987654321000. Title is required. Business entities that sell goods or services. The VAT filing date is the 15th day of every odd month; e.g. They may apply for refunds on VAT incurred on costs if there is a reciprocity agreement between their country of residence and Taiwan. Each EU member country has a slightly different format for their VAT number system, … The tax authorities in Taiwan predefine these alphanumeric codes and issue them to company sales offices as a number range. 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. Below is a summary of the standard formats for each EU country, plus: Norway; Switzerland; and UK. Inventory is offset against the liabilities of, or distributed to, shareholders or partners when a business entity is dissolved or ceases to do business. Address is required. Foreign businesses generally cannot apply for VAT or GBRT registrations. For an individual using Chinese ID card as its identification, TIN is its ID number which consists of 18 characters. 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. Once approved to file tax return on a monthly basis, the business entity cannot request change to the filing basis for one year. You should have an EORI number if you are exporting outside the EU. 11 characters May include alphabetical characters (any except O or I) as first or second or first and second characters. Document completed during the application process is approved, authorities stamp this form issue. 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