Issuing GUI in Compliance with Taiwan's Tax Regulations
The Taiwan Ministry of Finance, Taipei National Taxation Bureau, has announced that if a business issues a uniform invoice(GUI) to a purchaser with incorrect mandatory details and is unable to retrieve, void, or reissue it, the business may avoid penalties by voluntarily reporting the error and submitting the actual transaction details before an official investigation takes place. However, businesses that make the same mistake three or more times within one year will no longer be eligible for penalty exemption.
According to regulations, a GUI must include the invoice number, transaction date, product name, quantity, unit price, amount, tax, and total amount. Additionally, Article 24 of the Regulations Governing the Use of Uniform Invoices states that if an error is found on a uniform invoice, a corrected invoice must be reissued. The incorrect invoice must be marked with the word “VOID,” and for electronic invoices, the printed version must also display the “VOID” mark.
For example, if a restaurant mistakenly issued GUI for NTD 200 meal as NTD 20,000 and cannot contact the customer to reissue the invoice, the business can still avoid penalties by promptly reporting the mistake. Companies operating in Taiwan should be aware of these regulations and exercise caution when issuing uniform invoices.