Reported 8 months ago
The Legislative Yuan's Finance Committee has passed the amendment to the Value-Added and Non-Value-Added Business Tax Law proposed by the Executive Yuan. The amendment includes provisions requiring businesses to upload invoices and necessary information to the Ministry of Finance's e-invoice platform within specified deadlines, with penalties of up to NT$15,000 for non-compliance. While there was consensus among committee members on the menstrual poverty clause, the Ministry of Finance expressed concerns over its effectiveness, leading to further negotiations. The amendment also addresses issues related to tax payment delays and restructures terminology related to industrial zones. Additionally, there were discussions on including feminine hygiene products in the list of tax-exempt items as part of gender equality considerations, although concerns were raised regarding the practical implications of such a change. Suggestions were made to provide free feminine hygiene products in schools, emphasizing the broader debate on gender equality rather than just the legal aspects of the amendment.
Source: YAHOO