On June 2016, Taiwan’s Ministry of Finance (MOF) announced plans to amend Article 25 of the “Regulations Governing the Use of Uniform Invoices”, effectively terminating the use of Computer Uniform Invoices for business entities starting 1 January, 2018. This amendment was passed on 15 July, 2016.
Various divisions from the National Taxation Bureau of Taipei, since June 2016, have continuously been issuing official letters to Taipei City business entities still using Computer Uniform Invoices informing them of the impending termination for using computer invoices by 1 January 2018, pursuant to the “Enforcement Directions of the Electronic Uniform Invoices”. Business entities will need to assess whether their existing Computer Uniform Invoice systems meet these new amendments, and ensure that their computer invoice system properly connects with the MOF’s E-Invoice Platform.
Further to the announcement, the MOF had draft the proposed changes to the VAT Act and submitted it to the Executive Yuan. The amended draft VAT lawchanges were passed by the Executive Yuan on September 22. The draft proposal of the amended VAT articles will be submitted to the Legislative Yuan for its review and approvals. Pending the outcome from the Legislative Yuan’s reviews, further changes / clarifications may arise.Below is a summarization of the application of the new “Enforcement Directions of the Electronic Uniform Invoices”, as well as the relevant amended rules for the preservation of files and supporting documents.
The main changes to the draft VAT Act to capture foreign e-commerce enterprises into the Taiwan VAT realm are summarized below:
In recent years, the MOF has continuously launched comprehensive projects to implement the electronic invoices system in Taiwan, and have achieved significant progress. Due to the termination of the use of Computer Uniform Invoices for business entities from 1 January 2018, we have already observed some of the business entities implementing the electronic uniform invoice system in advance, in an effort to better coordinate with their transaction parties. As such, the use of electronic uniform invoices in the future is inevitable.
For business entities still issuing computer uniform invoices, their first priority should be to assess and ensure that their existing Computer Uniform Invoice system meets the requirements prescribed with this amendment, and is able to connect with the MOF’s E-Invoice Platform.
For business entities still using hand written invoices or cash register uniform invoices, these business will be MOF’s next target groups in pushing through the use of electronic uniform invoices system with a view to have a full e-invoice environment.
Whether your entity is currently utilizing computer uniform invoices or written invoices or cash register uniform invoices, it is imperative the entity plan and prepare in advance to facilitate the soon-to-be mandatory implementation of the electronic invoice system and related procedures.
Partner, Tax department
Associate Director, Tax department
Manager, Tax department
© 2018 安侯建業聯合會計師事務所，係與瑞士法律實體 KPMG International Cooperative ("KPMG International") 相關聯的 KPMG 獨立成員機構網路內之成員機構暨中華民國法律下之合夥組織。版權所有，保留一切權利。
上列組織及本文內任何文字不應被解讀或視為上列組織之間有任何母子公司關係，仲介關係，合夥關係，或合營關係。 上述成員機構皆無權限(無論係實際權限，表面權限，默示權限，或任何其他種類之權限)以任何形式約束或使得 KPMG International 或任何上述之成員機構負有任何法律義務。 關於此文內所有資訊皆屬一般通用之性質，且並無意影射任何特定個人或法人之情況。即使我們致力於即時提供精確之資訊，但不保證各位獲得此份資訊時內容準確無誤，亦不保證資訊能精準適用未來之情況。任何人皆不得在未獲得個案專業審視下所產出之專業建議前應用該資訊。