20 December 2016
The Taiwanese government has now passed the bill which will make it mandatory for non-resident providers of digital services to VAT register and start charging VAT at 5% on their supplies from 1 January 2017.
Currently non-resident businesses providing digital services do not have to charge VAT on their sales to consumers, instead the consumer purchasing the e-service self-declares and pays any VAT due to the Taiwanese tax authorities.
This new tax will likely be applied to a range of electronic services including streaming games, music, apps, films, e-books, e-journals and internet services.
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