Small business entities that have to issue uniform invoices due to its turnover reaching the threshold have an additional obligation to file profit-seeking enterprise income tax. The Kaohsiung National Taxation Bureau said that owners of such entities should pay attention to the tax filing for the next year to include the turnover before starting issuing uniform invoices: "The turnover assessed by the Tax Authority previously must be included in the filing of the income tax return."

Mr. Huang owns a small-scale business entity. During January to November last year, the firm was originally a small-scale business entity who was deemed exempt from issuing uniform invoices, but the entity started issuing uniform invoices in December last year because its turnover reached the threshold for issuing uniform invoices. Subsequently, Mr. Huang has raised questions on what he should be aware of when filing taxes?

Officials said that usually small-scale profit-making enterprises do not need to file profit-seeking enterprise income tax, but if they change from a small-scale business entity to a uniform invoice business entity in a single year, they will become obliged to file profit-making enterprise income tax.

News Source：【Economic Daily News 2021/07/23】