The Ministry of Finance has announced that there is a key revision to the Business Tax Act to mandate businesses to issue electronic invoices and transmit them, along with necessary information, to the Ministry’s Electronic Invoice Integration Service Platform for record-keeping.

The Taipei National Taxation Bureau has clarified that businesses contracting for projects must issue a Government Uniform Invoice(GUI) and report business tax based on the project’s full payment, even if they offset delayed penalties with the payment amount.