The payment period of the business tax determined and assessed by the tax authority for Q4 2024 and January 2025 is from 14 February 2025 to 23 February 2025
The Ministry of Finance (MOF) stated that the tax authority shall issue tax payment notices prior to 31 January 2025 and the tax-paying period shall be from 1-10 February 2025 according to Article 40 and Paragraph 2 of Article 42 of the Value-added and Non-value-added Business Tax Act, Article 45 of the Enforcement Rules of the Value-added and Non-value-added Business Tax Act, and Article 18 of the Tax Collection Act. Due to the timing of the Lunar New Year holidays occurring from 25 January to 2 February, the MOF has extended the payment period from 14 February 2025 to 23 February 2025; since 23 February 2025 falls on a Sunday, the payment deadline will be extended to 24 February 2025 as the conclusion of the payment period in order to make the payment notices delivered in a proper manner so that business entities can pay taxes before the time limit.
The MOF noted that tax payment before 24:00 on 27 February 2025 may be made in different ways, such as convenience stores, financial chip card, current (savings) deposit account, ATM transfer, credit card, electronic, and mobile payment. Therefore, business entities paying after this deadline can only do so at the bank counter.
The MOF would like to remind business entities that failure to pay tax before 24 February 2025 will be considered overdue, incurring belated payment of 1% for every three days overdue, up to a maximum of 10%. If payment remains overdue for more than 30 days, enforcement actions will be escalated. Therefore, business entities are urged to take note of the extended date mentioned above and complete payments before the deadline. Starting from 28 February 2025 belated payment will be imposed by the tax authority in accordance with Article 20 of the Tax Collection Act.
The MOF has issued another reminder to business entities who have arranged with a financial institution or postal institution to transfer tax through a designated deposit account. Business entities are urged to ensure that there are sufficient deposits in their accounts for withdrawals before 24:00 on 24 February 2025. The tax authority will not ask business entities to confirm the balance of their deposit account via phone call. Please seek verification to avoid fraud.
Press Release Contact: Miss Lee, Section Chief
Phone: +886-2-2322-8133
Reference URL：https://www.mof.gov.tw/Eng/singlehtml/f48d641f159a4866b1d31c0916fbcc71?cntId=ee1085bbddab459da3d386c06124f361