On 8 August 2022, the Ministry of Finance (MOF) announced an amendment to the “Regulations Governing Taxation Registration” (Regulations), which will take effect as of 1 January 2023. We summarize below:
1.Amendment to Regulations
(1)The domain name and internet address of a business entity specializing in or concurrently selling goods or services through internet platforms, mobile device applications or other electronic means shall be registered with the tax authority. In addition, the member accounts shall be registered with the tax authority as well if a business entity applies for membership and act as a seller with the network service providers or other intermediary companies providing virtual hosts. (Article 4)
(2)A business entity shall clearly disclose its Tax ID and name at obvious location on its webpage for selling and the relevant transaction application software or programs. (Article 4-1)
(3)A business entity which has completed the tax registration on or before 31 December 2022 is required to apply for the amendment to the tax registration in accordance with Item (1) above by 15 January 2023. (Article 8)
2.Grace period
According to the MOF’ ruling with Ref. No. Tai-Tsai-Shui-Zi 11104610672 dated 8 August 2022, if a business entity completed the tax registration on or before 31 December 2022 but fails to apply for the amendment to the tax registration in accordance with Article 8 of the Regulations, no punishment will be imposed until 30 April 2023.
Stacy Lo/Will Chen
