Taiwan MOF Clarifies Business Tax Obligations for Influencers With Online Platform Income

The Taiwanese Ministry of Finance Nov. 13 clarified business tax obligations for internet influencers with profit-sharing or sales income from online platforms. The clarification includes that: 1) the registration threshold for specified influencers is monthly income of NT$100,000 (US$3,208) from goods and NT$50,000 (US$1,604) from services, from Jan. 1; 2) a 5 percent rate and uniform invoice requirement applies to income from domestic viewers, and a zero percent rate and no invoice requirement applies for income from foreign viewers; 3) influencers below the NT$200,000 (US$6,416) uniform invoice-issuance threshold can apply for exemption from the invoice requirement when registering; 4) influencers ...