Reporting requirements for B2B and B2C eGUI electronic invoices; implementation date to be confirmed
The Taiwanese Ministry of Finance is imposing updates to the eGUI structured electronic invoices (or Uniform e-invoices) regime, including new penalties. The changes were approved by the President on 7 August 2024, and the Ministry will confirm the implementation date.
B2B and B2C e-invoices, Electronic Government Uniform Invoice (eGUI), which have been an obligation for several years. The update to the VAT Act highlights e-invoices, standard MIG-3.2.1 (MIG 4.0 from start of 2024), based on the XML format, must be reported to the governments Integrated Service Platform:
- 7 days B2B e-invoices; and
- 2 days for B2C e-invoices
Failure to meet these deadlines may result in fines of unto TW$ 15,000, plus late tax penalties.
Taiwan implemented post-issuance government e-invoicing via its Government Uniform Invoice (GUI) regime in 2021. This allocates batch sequence invoice numbers to taxpayers every couple of months. The system was launched in 2006 as paper-based pre-printed invoices, and switched to electronic in 2017. This requirement was mandated for non-residents from the start of 2020, with VAT registered foreign businesses having to engage with a local, certified invoicing partner.
Cloud GUI non-resident digital services
Note: Taiwan foreign digital services providers have been obliged to register and charge VAT since May 2017. The are now obliged to issue cloud GUI invoices for their B2C transactions. They may report their GUI invoice be either:
- Appointing a local certified invoicing agent; or
- Using the free transmission software provided by the Ministry of Finance to sending invoice data from ERPs.
Taiwan GUI e-invoice requirements
B2C invoices must be transmitted to the Ministry of Finance system within 48 hours of issuance. The deadline for B2B invoices is seven days. They must be sent in the latest GUI format, MIG 3.2.1 XML
B2C and B2G Invoices must include the following information:
- Reporting period corresponding with the GUI batch issue
- GUI number allocated to the invoice
- Customer email
- Taxable value
- Goods / services provided
Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else real-time submissions of invoices is being implemented.
