The monthly sales threshold for businesses to apply for tax registration is likely to be raised to NT$100,000 for goods and NT$50,000 for services to keep pace with inflation, the Ministry of Finance said today.
The current threshold is NT$80,000 for goods and NT$40,000 for services.
Business operators who do not sell enough per month to meet the threshold do not need to pay a business tax.
Photo: Liao Chen-huei, Taipei Times
Democratic Progressive Party Legislator Lee Kuen-cheng (李坤城) during a meeting at the legislature made the suggestion to raise the threshold by 25 percent based on the consumer price index.
Minister of Finance Chuang Tsui-yun (莊翠雲) responded that the ministry would change the threshold to follow that suggestion.
The policy is to be formally announced by the end of this month for a 30-day public comment period, followed by potential implementation on Jan. 1, Chuang said.
Lawmakers had been calling for an adjustment to keep pace with inflation, as the figure has not changed for 17 years.
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