1. As the incentive measures for encouraging profit-seeking enterprises to issue uniform invoices with a cash register have completed the intended incremental objective since initially inaugurated in 1986, the Ministry of Finance has on Sep. 27, 2012 issued a directive, Ref. Tai-Tsai-Shuei-Tze No. 10104609090, to abolish the measures, which are to take effect for profit-seeking enterprise income tax reconciled declaration cases starting in 2014.
2. Profit-seeking enterprises that issue uniform invoices with a cash register as approved by competent government taxation authorities per par. 5, article 32 of the Value-added and Non-value-added Business Tax Act and Regulations Governing the Use of Cash Register by Business Entities are to comply to fully using the electronic invoices at all retail business, and are required to set up the accounting ledgers and entries as stipulated prior to December 31, 2013. In the absence of any violation of short issuing or omitting the invoice throughout the entire tax year, from 2014 to 2023, a profit-seeking enterprise will then be eligible to receive a reduction of one percentage point on the current tax year’s profit-seeking enterprise income tax reconciled declaration as a part of the expanded written review cases. Those not applicable to the above will be eligible to receive a reduction of two percentage points per the applicable income amount.