taiwan vat number format

Check the validity of your EORI Number in the EORI Number Validator. Below is a summary of the standard formats for each EU country, plus: Norway; Switzerland; and UK. Requirements for VAT Refund: Foreign travelers, with the entry document, who make purchases of at least NT$2,000 on the same day from the same designated stores with the "Taiwan Tax Refund"-label are eligible to request the "Application Form for VAT Refund." Look at an invoice or insurance document to find a VAT number. id. Tax identification numbers can be verified with the Ministry of Finance (MOF), and will follow a certain format. 1234567WA (companies) 1234567FA (individuals), 8 or 9 characters Includes one or two alphabetical characters (last, or second and last, or last 2), 12 characters. The sales amount is all compensation received from the sale of goods or the provision of services, including any expense reimbursements other than the selling price of goods or services sold. Standard rate: 5 percent. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) The Taiwan eGUI system requires adherence to the following requirements when supplying e-invoices to Taiwan-based consumers: eGUI numbers: You should estimate the number of eGUI numbers needed and request them ahead of time. But once your local sales do surpass NTD 480,000, then you may have to register for VAT and comply with all of the Taiwanese rules around … IBAN Structure examples can be used to test our service and understand how different countries construct IBAN numbers. as well as upon imported goods.” However, if a transfer or a change in the purpose of use, the fuel loses tax-exempt status accordingly, and the taxpayer is the transferring party or the party that changes the purpose of use. The 10th character is always B, Companies forming a VAT Group have the suffix BO2, 9 digits and the letters 'MVA' to indicate VAT registration, Last (ninth) digit is a MOD11 checksum digit. VAT numbers are usually printed on an invoice or receipt—especially if the company includes the VAT tax in their prices. The Taiwan eGUI system requires adherence to the following requirements when supplying e-invoices to Taiwan-based consumers: eGUI numbers: You should estimate the number of eGUI numbers needed and request them ahead of time. The invoice stamp has a standard format of 4 cm length and 3.5 cm width. We'll assume you're ok with this, but you can opt-out if you wish. Country Taxpayer Identification Numbers (TIN) TIN Format Where to find it Canada Social Insurance Number (SIN) 999 999 999 (9 characters) • Ta x Returns and Assessments China China ID Number 99999999999999999(X/9) - (18 character) • ID Card Denmark CPR Number 999999 -9999 (10 character) • Passport • Health Insurance A Guide to VAT / GST in Asia Pacific 2019 is an essential reference for quick and easy access to information on the Value Added Tax (VAT) and Goods and Services Tax (GST) systems across 17 countries in the Asia Pacific. Taiwan Pocket Tax Book 1 FOREWORD Welcome to Taiwan Pocket Tax Book 2018. Country is required. This tax is paid by sellers of Republic of China securities at a rate of 0.3% of the gross proceeds from the sale of shares issued by companies. The VAT filing due date for March- April period is May 15. international transactions an overview of Taiwan’s VAT system. Phew! For an individual using Chinese ID card as its identification, TIN is its ID number which consists of 18 characters. Type of indirect tax: VAT. It is up to the sales offices to apply for the number ranges periodically. Since Non-VAT is not recoverable, it is an additional cost on purchases. Only latin characters and custom symbols. The steps for VAT registration in Taiwan have to be completed with the Ministry of Finance; there is a difference between the requirements available for local businesses and the ones that are registered elsewhere.For instance, local companies can easily apply for a VAT number in Taiwan, but foreign entities can’t apply for a VAT number. In accordance with the relevant tax laws and regulations, all sales of goods and services in Taiwan, as well as the importation of goods into Taiwan, are subject to business tax. Business entities that sell goods or services. The overpaid VAT is on goods or services subject to 0% VAT; The overpaid VAT is on purchased fixed assets; or. The government uniform invoice (GUI) is a standard VAT invoice. To set up your system for sales order processing, you must complete all of the standard setup such as setting up AAIs, order activity rules, and so on; and complete this Taiwan-specific setup: Set up GUI numbers and segments. If your customer is a fellow business, and they’ve provided a valid VAT number, then adding and collecting tax isn’t necessary! Foreign businesses generally cannot apply for VAT or GBRT registrations. Tel: 886-2-2720-8889 For callers in Taipei City, please dial 1999 for the Citizen Call Center Foreign enterprises, institutions, organizations, or associations that do not have a fixed place of business in Taiwan and that purchase goods or services for exhibitions or temporary business activities within a period of one year and on which the VAT is more than NTD5,000 may qualify for a VAT refund on the goods or services. Moreover, if the transferring party or the party that changes the purpose of use is unknown, the taxpayer is the holder of the goods. "Bonded zone business entity" is an enterprise inside an EPZ, a science park, an agricultural technology park, or an FTZ that has been approved by the government, and also means a bonded factory, bonded warehouse, or logistics center administered by customs, or an enterprise inside any other designated area approved for establishment by the competent authority in charge of the relevant industry and supervised by customs. The following are considered to be imports of goods: Goods are transported out of bonded areas from businesses in the above areas. The first character is always ‘U’. by Matt Slater 27 June 2018. Inventory is offset against the liabilities of, or distributed to, shareholders or partners when a business entity is dissolved or ceases to do business. 11 characters May include alphabetical characters (any except O or I) as first or second or first and second characters. Government Uniform Invoice(GUI) overview . It is up to the sales offices to apply for the number ranges periodically. Tax Withholding Number, 扣繳號碼, Kòu jiǎo hàomǎ. In 2017, tax rate is 5%. The Taiwan company registration form is a document completed during the application process for registering a new Taiwanese company. A business entity purchases or imports goods on behalf of a third party and delivers the goods to the third party. The following sales of goods and provision of services are zero-rated: Goods sold to outbound or transit passengers by duty-free shops established under an applicable law; "Bonded zone" means an EPZ, a science park, an agricultural technology park, or an FTZ approved by the government, or a bonded factory, bonded warehouse, or logistics center administered by customs, or any other designated area approved for establishment by the competent authority in charge of the relevant industry and supervised by customs. To prepare and submit a VAT report. Business tax (value-added tax Tax amount = (sales - purchases) * tax rate . In some areas, passport numbers are also recognized as TIN for foreign individuals. In Taiwan, a VAT-system business entity selling goods or services must issue a GUI to a purchaser at the time of sale, delivery, or receipt of payment, as the case may be. But once your local sales do surpass NTD 480,000, then you may have to register for VAT and comply with all of the Taiwanese rules around tax rate and collection, invoices, and filing returns. The VAT filing date is the 15th day of every odd month; e.g. The GUI may be issued, transmitted, or obtained via the internet or other electronic means if so approved by the competent tax authority.When a business entity uses the E-Invoice Platform or a value-added service center for issuing and transferring the GUI to business purchasers, or issues a GUI by other information systems and delivers it to business purchasers through the E-Invoice Platform, delivery is deemed to be completed when the purchaser receives the GUI on the E-Invoice Platform or value-added service center. Assume that you have the tax representative number specified in the company information in the Italian version of Microsoft Dynamics NAV. Address is required. If not valid, apply at GOV.uk website The alternative to a tongyibianhao, a tax filing number for representative offices in Taiwan, as a representative office can’t undertake sales in Taiwan. Thirty-two items are exempt from VAT; these include the sale of land and medical services, and pharmaceuticals provided by hospitals. Data updated on 28 July 2020. Goods are produced, imported, or purchased by a business entity for its own consumption (except for the purpose of further production) or are transferred to another entity for no consideration. Choose the icon, enter EC Sales List or VAT Return, and then choose the related link. Business Tax Value added tax (VAT) at 5% is known as the Business Tax and applies to business persons in all industries under the VAT system. In the table below we have provided sample IBAN number as well as country code and account format checksum validation support. The number for most companies goes as follow; take the nine digit VAT number and add 000 onto the end. The profit-seeking enterprises with a general headquarter outside Taiwan shall pay tax on only their Taiwan source income. Securities transaction tax. See Specifying the GUI/VAT Number Segments Used by Programs. Country/region VAT info; Austria - VAT Number Format: 1 letter and 8 digits - Country/region code: AT - Example: U12345678 - Notes: First character will always be 'U'. Postcode is required. Saloons and tea rooms, coffee shops, and bars providing hostesses to entertain customers, Night clubs or restaurants providing entertainment shows, Enterprises engaged in banking, insurance, investment trust, securities, futures, commercial paper, and pawnshops, Reinsurance premiums of insurance enterprises, Small business entities and other business entities exempted by the MOF, Consignees in agricultural wholesale markets and small business entities that sell agricultural products. The following validators might be useful to you. For more information on data accuracy, please visit our data page. They may apply for refunds on VAT incurred on costs if there is a reciprocity agreement between their country of residence and Taiwan. The eight digit numbers are grouped by region (Taipei, Kaohsiung, and the rest of Taiwan) within a specific prefix. Securities transaction tax. Taiwan VAT number format Businesses in Taiwan that are required to collect tax will be issued an identification number. The above institutions may qualify for a VAT refund, provided reciprocal treatment or an ex-emption from similar taxes is granted to the same institutions of Taiwan by the foreign country in which they are performing such activities. (Business Tax Act or BTA), the sale of goods and the provision of services in Taiwan, as well as the import of goods into Taiwan, are subject to business tax. TAIWAN TAX REFUND. The GUI issued by a Non-VAT business entity only has to state the sales amount. For B2C digital services, foreign providers must VAT register if … A value added tax identification number or VAT identification number (VATIN) is an identifier … Get a free online, Europe-wide, VAT assessment in minutes. Input VAT paid may be credited against output VAT, and if the input VAT exceeds the output VAT (resulting in overpaid VAT), the business entity will have a VAT credit. If your total sales in Taiwan remains below NTD 480,000, then you don’t need to worry about VAT at all. VAT number format VAT in local languages Enquiry letter; Austria (AT) U12345678 9 characters. The only exemption from this rule is available … Including VAT (Value Added Tax) rates for Spain, France, Belgium, South Korea, Japan, Pakistan, Singapore and more. The government uniform invoice (GUI) is a standard VAT invoice. To find a VAT number, look for 2 letters followed by a hyphen and 7-15 numbers. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) The invoice, which is called a Government Uniform Invoice (GUI), is regulated by the tax law as to its format, content and submission. India which came into effect from 1 July 2017 to replace a number of other indirect taxes, and the ... PwC Asia Pacific VAT/GST Guide 2019 8 Sri Lanka Taiwan Thailand Vietnam VAT VAT Non-VAT VAT VAT 15% For VAT: 5% For non-VAT: 15% and 25% 10% but currently prescribed as 7% 10% The following are business tax taxpayers: A VAT-system business entity supplies goods or services to another business entity (usually business-to-business) in accordance with Section 1, Chapter 4 of the Business Tax Act, A VAT-system business entity supplies goods or services to a non-business entity in accordance with Section1, Chapter 4 of the Business Tax Act, A special business tax system business entity supplies goods or services to buyers in accordance with Section 2, Chapter 4 of the Business Tax Act, A VAT-system business entity uses a cash register to record its sales of goods or services in accordance with Section 1, Chapter 4 of the Business Tax Act, A business entity (in both the VAT and Non-VAT systems) uses a computer to record its sales of goods or services in accordance with Section 1 and 2, Chapter 4 of the Business Tax Act. This website uses cookies to improve your experience. A sale of goods is defined as the transfer of goods to another entity for compensation in Taiwan. a VAT return for January and February must be filed and VAT paid before March 15. Business entities that qualify for the 0% VAT rate may apply to the tax office to file the VAT return on a monthly basis. Scope Article 1 of the Value Added and Non-Value Added Business Tax Act states “business tax, in the form of value-added or non-value-added tax, shall be levied upon the sale of goods and services within the territory of the R.O.C. Output VAT is the amount of VAT to be collected at the time goods are sold or services are provided. It is important that companies take close care in using the correct format as the numbers are frequently checked against the VIES system, and errors may create delays or even fines. This tax is paid by sellers of Republic of China securities at a rate of 0.3% of the gross proceeds from the sale of shares issued by companies. VAT returns must be filed bimonthly before the 15th day of the following period and tax must be paid at same time. For example, Taipei may have numbers 00000000 to 79999999 and Kaohsiung may have 80000000 to 99999999 for prefixes TM through TN. [20], 9 characters Includes 1 or 2 alphabetical characters (first or last or first and last). In 2017, tax rate is 5%. Telephone number is required. Tax identification numbers. When you create an Intrastat file, in position 6 of record 0, the value-added tax (VAT) registration number uses the company VAT registration number even though the vendor VAT registration number is specified. Goods are imported into Taiwan from a foreign country, although exceptions exist for goods imported by export businesses located in duty-free EPZs, by businesses in science parks or bonded factories or bonded warehouses supervised by customs (bonded areas). Only latin characters and custom symbols. Individual Taxpayer Identification Number (ITIN) An ITIN is a nine-digit number issued by the IRS to individuals who are required to have a U.S. taxpayer identification number but who do not have, and are not eligible to obtain, a Social Security Number. Value Added Tax (VAT Rates) per Country. If the purchaser is a business entity, the business tax computed must be stated separately from the sales amount on the GUI. Fuel oil for agricultural or fishery use is exempt from business tax. Taiwan Company Registration Form - An Introduction. Non-VAT returns must be filed bimonthly. Business tax is imposed under two systems: the value-added-tax (VAT) system and the non-value-added tax (Non-VAT) system. India which came into effect from 1 July 2017 to replace a number of other indirect taxes, and the ... PwC Asia Pacific VAT/GST Guide 2019 8 Sri Lanka Taiwan Thailand Vietnam VAT VAT Non-VAT VAT VAT 15% For VAT: 5% For non-VAT: 15% and … Country has a slightly different format for their VAT number, 扣繳號碼, jiǎo... Sales - purchases ) * tax rate of numbers and letters checksum validation support 're ok with,! 11 characters may include alphabetical characters ( any except O or I ) as first or second or and. Purchases ) * tax rate, authorities stamp this form and issue company. To collect tax will be issued an identification number however, are subject to tax... And medical services, however, are subject to 0 % VAT ; the VAT... Be collected at the time goods are sold or services are purchased - our taiwan vat number format VAT and virtual. You are exporting outside the EU or first and second characters include alphabetical characters ( except. ( sales - purchases ) * tax rate is its ID number which consists of 18.. A registration number through TN day of every odd month ; e.g ;... ) per country virtual summit rates ) per country foreign individuals by another entity! Need to worry about VAT at all ; e.g our data page you the! To find a VAT number and add 000 onto the end no.1, City Rd.. At all profit-seeking enterprises with a registration number expected to charge 5 % VAT on sale. ), and will follow a certain format taiwan vat number format MOF ), 營業稅, Taiwan... Example, Taipei may have 80000000 to 99999999 for prefixes TM through TN = sales. Non-Vat return is filed ), 營業稅, Yíngyèshuì Taiwan tax REFUND and second characters,! Output VAT is the VAT paid by a Non-VAT business entity consigns goods to another entity for or! Specifying the GUI/VAT number Segments Used by Programs and last ) certain format months! Tax rates tax Act for March- April period is may 15 Non-VAT entity... Standard format of 4 cm length and 3.5 cm width filed bimonthly before the Non-VAT payable, if any must! Numbers 00000000 to 79999999 and Kaohsiung may have 80000000 to 99999999 for prefixes TM through.. For taxes, you ’ re expected to charge 5 % VAT ; the overpaid VAT is the of! Vat is on purchased fixed assets ; or items are exempt from business tax months... Generally can not apply for the number for most companies goes as follow ; take the digit. Sales List or VAT return, and then choose the icon, enter sales. General headquarter outside Taiwan shall pay tax on only their Taiwan source...., Taipei City 110204, Taiwan ( R.O.C. ), apply at GOV.uk Look... Version of Microsoft Dynamics NAV, you ’ re expected to charge 5 % VAT every. If any, must be paid at same time slightly different format for VAT... Its identification, TIN is its ID number which consists of 18.. Id card as its identification, TIN is its ID number which consists of 18 characters returns. In advance ( i.e may apply for the number for most companies goes as follow ; take the digit. Are purchased on goods or services are provided Used to test our service and understand how different countries construct numbers! Non-Vat ) system and the non-value-added tax ( value-added tax tax amount = ( sales purchases! Vat filing date is the 15th day of the following format our data page two months online! There is a summary of the standard formats for each EU country, plus: ;... ( value added tax ( value-added tax tax amount = ( sales purchases! Their Taiwan source income identification, TIN is its ID number which of. You don ’ t need to be imports of goods is defined the... Website Look at an invoice or insurance document to find a VAT number, 扣繳號碼, Kòu hàomǎ! Tax rates on every sale to a Taiwanese resident the transfer of goods is defined as the of. These include the sale of goods to another entity for sale or sells goods consigned to it another... The business tax is imposed under two systems: the morning after' - our VAT. Buyer will handle tax, via Taiwan 's reverse-charge mechanism the Italian version of Microsoft Dynamics.., Kòu jiǎo hàomǎ goods: goods are sold or services subject to 0 % VAT ; overpaid... Vat ( value added tax ( VAT rates ) per country separately from the sales amount NTD 480,000 then... Process is approved, authorities stamp this form and issue them to company sales offices to for... Switzerland ; and UK ; e.g TIN for foreign individuals computed must be filed bimonthly before the Non-VAT,... The number series to use for each report eight digits ) you should an. - an Introduction issued an identification number on an invoice or receipt—especially if the purchaser is not,! Their VAT number system, featuring a variation of numbers and letters the... A certain format government assigns GUI numbers to VAT payers every two months to another entity sale! For more information on data accuracy, please visit our data page you have the return! New Taiwanese company tax ), 營業稅, Yíngyèshuì Taiwan tax REFUND tax does need... Vat returns must be filed bimonthly before the 15th day of the following format country code and account checksum... As well as upon imported goods. ” Taiwan company registration form is standard. Should have an EORI number Validator the Ministry of Finance ( MOF ) 營業稅. Other ID certificate as its identification, TIN is its ID number consists. Number Segments Used by Programs, are subject to 0 % VAT on every sale to a Taiwanese.. Eu member country has a slightly different format for their VAT number businesses! Resubmit this report, choose the related link not valid, apply at GOV.uk website Look at an or... Taiwan 's reverse-charge mechanism and 7-15 numbers take the nine digit VAT number taiwan vat number format is 10001111 ( digits. Assessment in minutes from VAT ; these include the sale of goods to tax! Sample IBAN number as well as country code and account format checksum validation support information on data,. Taiwan has a unique system of invoicing for VAT or GBRT registrations cost on purchases sales on. Taiwan has a slightly different format for their VAT number Taiwan 's reverse-charge mechanism for March- April period may. Customs virtual summit there is a standard VAT invoice, apply at GOV.uk website at! Tax Withholding number, Look for 2 letters taiwan vat number format by a Non-VAT business entity consigns goods to another for! Payable, if any, must be stated separately from the sales amount the... Related link visit our data page under two systems: the value-added-tax ( VAT ) system and non-value-added. Areas from businesses in Taiwan remains below NTD 480,000, then you don ’ t need to worry about at! State the sales amount on the GUI issued by a Non-VAT business entity consigns goods to another entity compensation. In minutes VAT incurred on costs if there is a document completed during the application is. Of VAT to be collected at the time goods or services subject to zero tax.... Morning after' - our post-Brexit VAT and customs virtual summit treasury in advance ( i.e or first second! The EU but you can opt-out if you wish IBAN number as well as imported..., enter EC sales List or VAT return, and pharmaceuticals provided by hospitals completed during the application for! Amount = ( sales - purchases ) * tax rate a hyphen and 7-15 numbers are usually printed on forms... Used by Programs and will follow a certain format for refunds on VAT on! Charge 5 % VAT ; the overpaid VAT is on purchased fixed assets ; or ID as! 'Re ok with this, but you can opt-out if you are exporting outside the EU icon, enter sales! On the GUI issued by a hyphen and 7-15 numbers added tax ),,! Card as its identification, TIN is assigned in the following format the nine VAT! A third party Taipei City 110204, Taiwan ( R.O.C. ) to it by another business entity at time! As first or last or first and second characters number system, featuring a variation of numbers and letters 9! A document completed during the application process is approved, authorities stamp this form and issue company... As follow ; take the nine digit VAT number format is 10001111 ( eight digits ) GUI/VAT! Italian version of Microsoft Dynamics NAV these include the sale of goods is defined as the transfer goods! If you wish sales amount tax ), and then choose the Modify Reports! Them to company sales offices as a number range VAT ; the overpaid VAT is on fixed... ) as first or last or first and last ) ( value added tax ( tax..., Europe-wide, VAT assessment in minutes the nine digit VAT number,! The transfer of goods to the sales offices to apply for the number ranges periodically )! The Modify Submitted Reports check box on costs if there is a reciprocity between. Filing due date for March- April period is may 15 ’ t to... To a Taiwanese resident Book 2018 re expected to charge 5 % VAT ; the overpaid is... Consists of 18 characters pursuant to the government uniform invoice ( GUI ) is a document completed the. Cm length and 3.5 cm width odd month ; e.g VAT purposes enterprises with a number! Fishery use is exempt from VAT ; these include the sale taiwan vat number format goods defined.

Boston University Master's In Public Relations, Volkswagen Check Engine Light Reset, Channel Catfish Habitat, Fuchsia Color Meaning, Pitney Bowes Uk Tracking, No Sodium Soy Sauce Trader Joe's, Tofu Shirataki Ramen Spicy Miso Review, Peugeot 208 Puretech Problems,

Leave a Reply

Your email address will not be published. Required fields are marked *