Taiwan announced new deadlines for e-invoice submissions and revised withholding tax deadlines, following updates approved by the President on 7 August 2024.
- E-Invoice submission deadlines: The updated regulations require that Business-to-Business (B2B) electronic invoices must be submitted to the Ministry of Finance’s Integrated Service Platform within 7 days of issuance, while Business-to-Consumer (B2C) invoices must be submitted within 2 days. Failure to comply with these deadlines may result in fines ranging from TWD 1,500 to TWD 15,000, along with additional penalties for inaccuracies or delays in corrections.
- Withholding tax payment deadline extended: The withholding tax amendments, approved on 7 August 2024, include provisions allowing a 5-day extension for payments to non-resident individuals or enterprises if the additional period includes a national holiday lasting more than 3 consecutive days.
