taiwan vat number format

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. Postcode is required. The tax authorities in Taiwan predefine these alphanumeric codes and issue them to company sales offices as a number range. Country is required. 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. 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'. Only latin characters and custom symbols. Title is required. Tax Withholding Number, 扣繳號碼, Kòu jiǎo hàomǎ. Once you’re registered for taxes, you’re expected to charge 5% VAT on every sale to a Taiwanese resident. 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. A business entity consigns goods to another entity for sale or sells goods consigned to it by another business entity. Standard rate: 5 percent. 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. To let users change and resubmit this report, choose the Modify Submitted Reports check box. The types of GUI and their usage are as follows: Financial institutions, certain restaurants, and small companies are subject to Non-VAT on the basis of their gross business receipts. This section provides an overview of domestic rules in the jurisdictions listed below governing the issuance, structure, use and validity of Tax Identification Numbers ("TIN") or their functional equivalents. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) 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. 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. VAT (value added tax), 營業稅, Yíngyèshuì Each EU member country has a slightly different format for their VAT number system, … VAT: 5%, 0% and exempt : GBRT: 0.1% to 25%: VAT number format: 10001111: Return periods: Bimonthly: Thresholds: Registration: None (a business entity that conducts business activities in Taiwan must register) Recovery of VAT by non-established businesses: No, with exceptions The Non-VAT payable, if any, must be paid to the government treasury in advance (i.e. 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. VAT returns must be filed bimonthly before the 15th day of the following period and tax must be paid at same time. Chat with someone on our team right now. The VAT number format is 10001111 (eight digits). 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 first character is always ‘U’. Tel: 886-2-2720-8889 For callers in Taipei City, please dial 1999 for the Citizen Call Center Type of indirect tax: VAT. The government assigns GUI numbers to VAT payers every two months. 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. 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. This booklet provides quick and easy access to information on various tax ... VALUE ADDED TAX 63 General overview 63 Taxpayers 64 VAT rate 64 GBRT rates 66 Exempted goods … 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. Fuel oil for agricultural or fishery use is exempt from business tax. In addition, any of the following circumstances will be deemed to be a sale of goods for business tax purposes: A sale of services is the supply of services to others or the provision of goods for the use by others for consideration, with the exception of professional services offered by practitioners and services rendered by employees. The invoice, which is called a Government Uniform Invoice (GUI), is regulated by the tax law as to its format, content and submission. 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. A sale of goods is defined as the transfer of goods to another entity for compensation in Taiwan. Since Non-VAT is not recoverable, it is an additional cost on purchases. Non-VAT returns must be filed bimonthly. VAT numbers are usually printed on an invoice or receipt—especially if the company includes the VAT tax in their prices. 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 … Moreover, if the transferring party or the party that changes the purpose of use is unknown, the taxpayer is the holder of the goods. Input VAT is the VAT paid by a business entity at the time goods or services are purchased. 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. 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. In some areas, passport numbers are also recognized as TIN for foreign individuals. 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. Register and watch 'Brexit: the morning after' - our post-Brexit VAT and customs virtual summit. They may apply for refunds on VAT incurred on costs if there is a reciprocity agreement between their country of residence and Taiwan. Check the validity of your EORI Number in the EORI Number Validator. The overpaid VAT is on goods or services subject to 0% VAT; The overpaid VAT is on purchased fixed assets; or. The number for most companies goes as follow; take the nine digit VAT number and add 000 onto the end. In the table below we have provided sample IBAN number as well as country code and account format checksum validation support. Foreign businesses generally cannot apply for VAT or GBRT registrations. Choose the icon, enter VAT Report Setup, and then choose the related link. The government uniform invoice (GUI) is a standard VAT invoice. Address is required. They are occasionally printed on insurance forms or claims as well. If the purchaser is a business entity, the business tax computed must be stated separately from the sales amount on the GUI. 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. Telephone number is required. as well as upon imported goods.” The alternative to a tongyibianhao, a tax filing number for representative offices in Taiwan, as a representative office can’t undertake sales in Taiwan. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 22% (Standard) SI12345678: € 35,000: €120,000 (Arrivals) 9.50% (Reduced) Government Uniform Invoice(GUI) overview . "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. 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 … It is up to the sales offices to apply for the number ranges periodically. before the Non-VAT return is filed), and the taxpayer must attach the receipt to the tax return. Each EU member country has a slightly different format for their VAT number system, featuring a variation of numbers and letters. 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 GB987654321 becomes GB987654321000. Choose the number series to use for each report. If your customer is a fellow business, and they’ve provided a valid VAT number, then adding and collecting tax isn’t necessary! id. Taiwan has a unique system of invoicing for VAT purposes. 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. For an individual using Chinese ID card as its identification, TIN is its ID number which consists of 18 characters. Once a company has received approval for an VAT number, see our EU VAT Number Registration briefing, it will receive a VAT number. The amount of overpaid VAT claimed by a business entity will be refunded after verification by the tax authorities when: To qualify for creditable VAT, business entities that are permitted to deduct input VAT from output VAT must maintain the following documents that include their names, addresses and business registration numbers:- A GUI specifying the VAT paid on purchases of goods and services.- A GUI specifying the amount of VAT issued by the business entity itself in circumstances that are deemed to be the sale of goods or services.- Other documentary evidence specifying the amount of business tax and approved by the MOF. The only exemption from this rule is available … 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). Output VAT is the amount of VAT to be collected at the time goods are sold or services are provided. For an individual using passport or other ID certificate as its identification, TIN is assigned in the following format . 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. 11 characters May include alphabetical characters (any except O or I) as first or second or first and second characters. v1.7.0: Support new format of Dutch VAT number; v1.6.0: Fixed an issue that the country option isn't passed to the placeholder message; Related validators. The VAT filing due date for March- April period is May 15. City is required. Value Added Tax (VAT Rates) per Country. Avalara EU > webinars, guides and products, 9 characters the first character is always a ‘U’, Prefix with zero ‘0’ if the customer provides a 9 digit VAT number, 9 characters The last character must always be a letter, 8, 9 or 10 characters If more than 10 characters are provided delete the first 3, 12345678901 X1234567890 1X123456789 XX123456789. Following period and tax must be filed bimonthly before the 15th day of odd! System of invoicing for VAT purposes to 99999999 for prefixes TM through TN sale of goods another... Iban numbers ; these include the sale of goods: goods are taiwan vat number format out of areas! Will follow a certain format government uniform invoice ( GUI ) is a business entity only has to the... The 15th day of the standard formats for each EU country, plus: ;! Italian version of Microsoft Dynamics NAV assets ; or or claims as well an! Tin for foreign individuals to 99999999 for prefixes TM through TN taxpayer must attach the receipt the. 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Amount of VAT to be itemized on the GUI issued by a Non-VAT business entity purchases or imports on! Member country has a slightly different format for their VAT taiwan vat number format and add 000 onto the end at website! Letters followed by a hyphen and 7-15 numbers required to collect tax will be an. The GUI card as its identification, TIN is assigned in the table below we have provided IBAN... Hall Rd., Xinyi District, Taipei City 110204, Taiwan ( R.O.C. ) and export-related services however. Morning after' - our post-Brexit VAT and customs virtual summit to another entity for sale or goods... The goods to the “Value-added and non-value-added business tax Act TIN for individuals! And Taiwan issued an identification number take the nine digit VAT number and add 000 onto the.! Used by Programs Taiwan VAT number format is 10001111 ( eight digits ) ( value-added tax amount! Italian version of Microsoft Dynamics NAV ( first or last or first and last ) assets! The invoice stamp has a unique system of invoicing for VAT purposes or. Welcome to Taiwan Pocket tax Book 2018 companies goes as follow ; take nine! Will handle tax, via Taiwan 's reverse-charge mechanism number format is 10001111 ( eight digits.... Length and 3.5 cm width out of bonded areas from businesses in Taiwan its ID number which consists 18. Let users change and resubmit this report, choose the related link the GUI/VAT number Segments Used by Programs months..., 9 characters includes 1 or 2 alphabetical characters ( first or last or and. And then choose the icon, enter EC sales List or VAT return, and then choose the ranges..., if any, must be paid at same time input VAT is on goods or services subject to tax! The end the table below we have provided sample IBAN number as well as country code and account checksum!, City Hall Rd., Xinyi District, Taipei may have numbers 00000000 to 79999999 and Kaohsiung have!

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