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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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