Taiwan to Require E-Commerce Suppliers to Issues Electronic GUIs
Foreign e-commerce suppliers selling to Taiwan must issue “cloud government uniform invoices” to their domestic purchasers starting Jan. 1, 2020, KPMG said in an Oct. 29 post. This is following a transition period to the system that started Jan. 1,…
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2019, and continues through the end of the year. E-commerce suppliers who do not issue the cloud GUIs may face penalties of up to “five times the tax that should have been collected” for violations of the Taiwanese value-added tax laws, the post said. Suppliers can issue cloud GUIs -- or electronic GUIs -- to customers through email, phone and other means approved by Taiwan, KPMG said.