Taiwan adopts VAT on cross-border electronic services

Taiwan’s Ministry of Finance (MOF) has announced that on December 9 the Legislative Yuan passed a law imposing VAT on supplies of cross-border electronic services made to domestic individual purchasers.

The new law requires foreign sellers of electronic services to register and pay VAT or assign tax-filing agent to handle the matter.

The law is based on OECD recommendations as well to similar laws passed in the EU, Korea, and Japan.

The MOF said it would issue regulations implementing the law and will establish a website for VAT registration and filing.


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