Taiwan VAT on Cross Border Electronic Services to Apply from 1 May

Taiwan's Taxation Administration has announced that the new requirements regarding VAT on cross border electronic services enacted on 28 December 2016 ({News-2016-12-30/A/6- previous coverage}) will enter into force and apply from 1 May 2017. From that date, foreign suppliers with no fixed place of business in Taiwan that sell electronic services to domestic individuals will need to register and account for VAT. Foreign supplies will also need to issue uniform invoices, although an exemption…