NTB urged gold sellers to separate invoices for pure gold and processing fees to comply with tax rules.
Taiwan’s Northern Region National Taxation Bureau (NTB) has reminded businesses selling pure gold jewellery to issue separate invoices for gold and processing fees, in line with tax regulations.
As international gold prices continue to hit record highs amid concerns about inflation, gold has become a preferred safe-haven investment, driving active market trading.
This announcement was made on 7 November 2025.
The Bureau explained that while gold bars, ingots, coins, and pure gold jewellery are exempt from business tax under the Value-Added and Non-Value-Added Business Tax Act, businesses must still issue a tax-exempt uniform invoice for the gold. Fees charged for processing or craftsmanship, however, are considered taxable services and require a separate taxable invoice.
For example, a customer purchasing a wedding gold jewellery set worth TWD 500,000—including TWD 20,000 for processing—should receive one tax-exempt invoice for TWD 480,000 (pure gold) and one taxable invoice for TWD 20,000 (processing fee). The Bureau has provided guidance on business tax exemptions for the sale of gold and precious metals.
The NTB urged businesses to issue invoices accurately and remit the appropriate business tax. Companies that voluntarily correct underissued invoices and pay any missing tax, along with interest, before an investigation may avoid penalties under the Tax Collection Act.
