Taiwan to Require E-Commerce Suppliers to Issues Electronic GUIs
Foreign e-commerce suppliers selling to Taiwan must issue “cloud government uniform invoices” to their domestic purchasers starting Jan. 1, 2020, KPMG said in an Oct. 29 post. This is following a transition period to the system that started Jan. 1,…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
2019, and continues through the end of the year. E-commerce suppliers who do not issue the cloud GUIs may face penalties of up to “five times the tax that should have been collected” for violations of the Taiwanese value-added tax laws, the post said. Suppliers can issue cloud GUIs -- or electronic GUIs -- to customers through email, phone and other means approved by Taiwan, KPMG said.