How to Successfully Open a Restaurant in Taiwan as a Foreigner: Essential Tips and Considerations
Opening a restaurant in Taiwan as a foreigner can be a rewarding business venture, given the island’s vibrant food culture and booming tourism industry. However, foreign entrepreneurs need to be aware of various legal, cultural, and operational factors when establishing a restaurant in Taiwan. This essay outlines key considerations that foreigners should keep in mind when starting a restaurant in Taiwan.
Introduction of Taiwan Value-Added Tax Filing and Government Uniform Invoice (GUI)
Taiwan’s Value-Added Tax (VAT), formally known as the Business Tax, is a tax levied on the sale of goods and services, as well as the importation of goods. It primarily follows a VAT model similar to that in the EU, meaning tax is levied at each stage of the supply chain, but businesses can offset the input tax they have paid against the output tax they collect. The standard VAT rate in Taiwan is 5%, and most business entities are required to register for VAT once their sales surpass a certain threshold.
What to Do If Your Taiwanese Company Isn’t Operating After Incorporation? A Guide to Business Suspension
This article explains the legal requirements for inactive companies in Taiwan, the necessity of business suspension, and how to manage your company’s status properly.
Taiwan Tax Guide: Setting Up an Entity for Foreign Companies
Taiwan, with its robust business environment and highly developed supply chain, serves as a crucial hub for many foreign enterprises looking to enter the Asian market. However, before establishing a presence, a thorough understanding of the local tax system is paramount, as it directly impacts operational costs and legal risks. Here’s a comprehensive overview of key tax considerations for foreign companies setting up an entity in Taiwan.
5 Popular E-Commerce Platforms in Taiwan
In this guide, we’ll walk you through the essential steps, legal requirements, and key considerations for setting up a Private Employment Services Institution in Taiwan.
Quick Facts About the Income Tax Withholding System in Taiwan
In this article, we will explore the structure of income tax withholding, particularly focusing on the system in place for residents and non-residents in Taiwan.
9+ Steps to Set Up a Private Employment Services Institution in Taiwan: A Comprehensive Guide
In this guide, we’ll walk you through the essential steps, legal requirements, and key considerations for setting up a Private Employment Services Institution in Taiwan.
A Comprehensive Guide for Overseas E-Commerce Sellers on Taiwan’s Business Tax Filing and Payment
This guide provides a detailed overview tailored for overseas e-commerce sellers on how to properly file and pay business tax—particularly Value-Added Tax (VAT)—in Taiwan.
How to Set Up a Company to Import Medical Devices in Taiwan
Setting up a company to import medical devices in Taiwan involves several important steps including company registration, obtaining import licenses, product registration, and ensuring compliance with the Taiwan Food and Drug Administration (TFDA) regulations. This guide outlines the necessary steps and considerations to successfully set up such a business.
Corporate Income Tax Filing in Taiwan: What Expenses and Losses Can’t Be Deducted?
This article walks you through key types of expenses and losses that cannot be deducted under Taiwan’s tax regulations, common mistakes businesses make, and practical strategies to stay on the right side of the law.