New Requirements for Government Uniform Invoices in Consignment Sales
When a business consigns goods for sale, both the consignor and consignee are required to issue Government Uniform Invoices(“GUI”) in accordance with Article 17 of Taiwan’s Regulations Governing the Use of Uniform Invoices.
The consignor must issue a GUI upon delivery of goods, based on the contract price, marked with “Consigned Sale” and provide it to the consignee as input tax evidence. The consignee, when selling the goods, must issue a GUI to the buyer based on the agreed price, marked with “Sales on Consignment(委託代銷)“.Additionally, within the contract’s settlement period (not exceeding two months), the consignee must issue a separate invoice for any commission earned, along with a settlement statement detailing item name, quantity, price, date, and invoice number.
Tax Office has illustrated the example as follows:
Company A consigns 5,000 units of Product A to Company B at NTD210 each, with a 10% (including VAT) monthly commission. Company A issues a NTD1,050,000 invoice to Company B upon delivery. If Company B sells 1,000 units, it must issue a NTD21,000 invoice for the commission and provide a detailed settlement to Company A.
