Taiwan: The Ministry of Finance clarifies the treatment of unreported VAT on import goods  

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The Taiwanese Ministry of Finance addressed the issue of unreported VAT on imported items. 


The clarification includes:  


  • Taxpayers can’t deduct the VAT amount imposed by customs due to underreporting of the taxable value of imported goods  
  • If a company operator discovers incorrectly stated non-deductible input tax, the taxpayer must file a supplemental declaration. 
  • Interest rates may be imposed without penalty for taxpayers who pay the evaded tax before the tax authority conducts an audit or inquiry.  



Source: mof.gov.tw   

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