Taiwan MOF Announces Increase in VAT Registration Threshold for Foreign E-Commerce Operators Selling Services

The Taiwanese Ministry of Finance April 7 announced an increase in the registration threshold, under Article 6(4) of the VAT and Non-value-added Business Tax Act, for foreign e-commerce operators lacking a fixed place of business in Taiwan, and selling services electronically to resident individuals. The announcement includes that: 1) the annual sales threshold requiring registration for these operators increases to NT$600,000 (US$18,168) from NT$480,000 (US$14,534), effective immediately; 2) operators can apply for registration online through the MOF’s tax portal, or can use a filing agent to apply; and 3) registered operators can issue cloud invoices, and declare and pay the ...