Taiwan MOF Clarifies Uniform Invoicing Requirement for Businesses Selling Gold, Pure Gold Jewelry

The Taiwanese Ministry of Finance Nov. 7 clarified uniform invoice requirements for businesses selling gold or pure gold jewelry. The clarification includes that: 1) gold bars, ingots, sheets, coins, and ornaments, and pure gold jewelry, are exempt from business tax, but require a separate tax-exempt uniform invoice for the purchaser; 2) labor fees are considered sales of services and require a separate taxable uniform invoice for the purchaser; 3) the MOF published a table of business tax exemptions and levies for sales of gold and precious metals; 4) taxable and tax-exempt uniform invoices must be based on the actual selling ...