Taiwan

Country Taiwan
Currency TWD
EU Member State No
Standard VAT/GST rate 5%
Reduced VAT/GST rate 15% / 5% / 1% / 0%
VAT registration limit for established businesses Yes
VAT registration limit for non-established businesses Yes
VAT return filing periods Monthly / 2-Monthly
Annual VAT returns Not required
Additional reporting requirements N/A
VAT recovery by non-established non-EU businesses No, with exceptions
Reverse Charge Yes
Fiscal representative required for non-EU businesses Yes
Statute of limitations The statute of limitations in Taiwan is five years from the tax return filing date if the return is filed on time. Where a taxpayer fails to file an annual tax return within the statutory deadline or evades tax by fraud or any other unrighteous means, the statute of limitations is extended to seven years.

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