VAT Compliance in Taiwan as a 2Checkout Merchant

Taiwan's VAT Act came into full effect at the start of 2020, requiring that B2C companies - those with no fixed place of residence in the country who sell digital goods or electronic services and whose annual sales exceed TWD 480,000 - are now required to issue Cloud Government Uniform Invoices. Non-compliance with new regulations can result in financial penalties and even with the termination of the company's activity in Taiwan.

Learn about the fiscal changes in this market from the attached resource and find out how 2Checkout can help you stay compliant if selling in Taiwan.