On 21 April 2017, Taiwan's Ministry of Finance published an English-language release clarifying that from 1 May 2017, foreign suppliers of cross-border electronic services to domestic individuals will need to register and account for VAT if their annual sales amount exceeds TWD 480,000. For determining the annual sales amount, the accumulated sales amount to domestic individuals is on the basis of the calendar year. If the annual sales amount of this year or the previous year is over the thr…