Uber Technologies Inc’s Taiwan branch is expected to issue electronic uniform invoices by the end of this year as required by the Ministry of Finance (MOF), the company said on Tuesday last week.
Uber customers currently receive a service notification via e-mail, but that notification is not a receipt and does not have a numerical code, prevently customers from participating in the uniform invoice lottery operated by the government.
As the ministry requires cross-border e-commerce operators to issue electronic uniform invoices, Uber Taiwan said it is establishing its own system to issue the receipts.
“Passengers who purchase ride services through the Uber app or consumers who pay for the food delivery service through the UberEats app would all get the receipts via e-mail,” Uber Taiwan communications officer Jessica Pan (潘瑞蓮) told the Taipei Times by telephone.
Pan said that Uber has been paying business taxes since resuming services in Taiwan in 2017 and does not expect the issuance of electronic uniform invoices to increase its tax burden.
“But the offering of receipts would give consumers a little happiness as they might win the lottery,” she said.
Uber declined to specify when it would start issuing the receipts, but the Taxation Administration said that the firm plans to launch the system in November at the earliest, an official surnamed Lin (林) said by telephone.
So far, five global e-commerce companies have begun issuing uniform invoices, including Japan-based Sony Interactive Entertainment Inc, Google Asia Pacific Pte Ltd, UpToDate Inc, Digital River GmbH and Various Inc, Lin said.
A total of 120 offshore companies are required to issue electronic uniform invoices by the end of this year or they will be fined, but they are allowed to issue receipts in languages other than Chinese, National Taxation Bureau of Taipei Director-General Hsu Tzu-mei (許慈美) said by telephone last week.
“It is Taiwan’s custom to run a state lottery by including the eight-digit numbers written on the uniform receipts, so some foreign companies have to spend some time understanding the system and adapting to it,” Hsu said.
Issuing the receipts should help the bureau collect tax information such as the companies’ revenue and would allow the bureau to determine if they declare their taxes correctly, she said.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Advanced Micro Devices Inc (AMD) suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence (AI) chips, but did not provide hoped-for information on customers or financial performance. The stock slid 4 percent to US$164.18 on Thursday, the biggest single-day drop since Sept. 3. Shares of the company remain up 11 percent this year. AMD has emerged as the biggest contender to Nvidia Corp in the lucrative market of AI processors. The company’s latest chips would exceed some capabilities of its rival, AMD chief executive officer Lisa Su (蘇姿丰) said at an event hosted by
AVIATION: Despite production issues in the US, the Taoyuan-based airline expects to receive 24 passenger planes on schedule, while one freight plane is delayed The ongoing strike at Boeing Co has had only a minor impact on China Airlines Ltd (CAL, 中華航空), although the delivery of a new cargo jet might be postponed, CAL chairman Hsieh Su-chien (謝世謙) said on Saturday. The 24 Boeing 787-9 passenger aircraft on order would be delivered on schedule from next year to 2028, while one 777F freight aircraft would be delayed, Hsieh told reporters at a company event. Boeing, which announced a decision on Friday to cut 17,000 jobs — about one-tenth of its workforce — is facing a strike by 33,000 US west coast workers that has halted production
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
RSS