Taiwan MOF Clarifies Tax Obligations for Individuals Selling Secondhand Goods Online

The Taiwanese Ministry of Finance Sept. 16 clarified the business tax and income tax obligations for individuals selling secondhand luxury bags online for profit. The clarification includes that: 1) domestic sales of goods or services are taxable, and individuals who regularly sell secondhand goods for profit must register and pay business tax and income tax, upon monthly sales reaching NT$100,000 (US$3,336) for buying-selling businesses or NT$50,000 (US$1,668) for service businesses; 2) selling pre-owned luxury items for profit, even if originally for personal use, constitutes taxable business activity when carried out frequently and in large volumes; and 3) frequent online sellers ...