Taiwan MOF Clarifies Business Tax Declaration Procedure Following Sales Returns, Discounts

The Taiwanese Ministry of Finance Nov. 21 clarified the procedure for business tax declarations following sales returns and discounts. The clarification explains that: 1) business tax refunded to buyers due to sales returns or discounts reduces the original declared output tax amount; and 2) to avoid excessive output tax, business operators must obtain documentation certifying sales returns and discounts, and declare the business tax in the current or next period. [Taiwan, Ministry of Finance, 11/21/22]

Reference: View Clarification. View Index.