Taiwan Clarifies VAT Refund Eligibility for Foreign Entities Engaged in Temporary Business Activities in Taiwan

The Taiwan Ministry of Finance has published a release clarifying the eligibility of foreign entities to claim a refund of value added tax (VAT) paid while engaged in exhibitions or temporary business activities in Taiwan. According to the release, foreign entities may be eligible for a VAT refund if:

• Their total VAT incurred in Taiwan is at least TWD 5,000 within one fiscal year;
• They obtain and preserve documentary evidence for the purchases made;
• They have no fixed place of business with…