Taiwan’s Ministry of Finance (MOF) has announced an extension for the business tax payment deadline to 24 February 2025. The extension applies to both the quarterly period ending 31 December 2024 and the monthly period for January 2025.

This announcement was published by the Taiwan Ministry of Finance  on 13 January 2025.

The MOF noted that tax payment before 24:00 on 27 February 2025 may be made in different ways, such as convenience stores, financial chip card, current (savings) deposit account, ATM transfer, credit card, electronic, and mobile payment. Therefore, business entities paying after this deadline can only do so at the bank counter.

The MOF would like to remind business entities that failure to pay tax before 24 February 2025 will be considered overdue, incurring belated payment of 1% for every three days overdue, up to a maximum of 10%. If payment remains overdue for more than 30 days, enforcement actions will be escalated. Therefore, business entities are urged to take note of the extended date mentioned above and complete payments before the deadline. Starting from 28 February 2025 belated payment will be imposed by the tax authority in accordance with Article 20 of the Tax Collection Act.

The MOF has issued another reminder to business entities who have arranged with a financial institution or postal institution to transfer tax through a designated deposit account. Business entities are urged to ensure that there are sufficient deposits in their accounts for withdrawals before 24:00 on 24 February 2025. The tax authority will not ask business entities to confirm the balance of their deposit account via phone call.