Home
FAQ
Accounting China The Necessary Items to Be Stated in the Accounting Documents for Profit-seeking Enterprises
FAQThe Necessary Items to Be Stated in the Accounting Documents for Profit-seeking Enterprises
|
Q： |
When to obtain or provide the original certificate from or to others by the prescribed regulations? |
|
A： |
The business items to the public for profit-seeking enterprises are included the goods, assets, labor forces. The original certificate obtained from others or provided to others shall be proceeded upon the occurrence of such business item, which the former one is uniform invoice of purchase of goods obtained from others; the latter one shall be uniform invoice of sale of goods provided to others. In the condition of the uniform invoice issued, transferred, or received by online or other electronic sources, such invoice shall be stored in the media properly. Regarding to the issuance of uniform invoice, please comply with “ Regulations Governing the Use of Uniform Invoices” and "Time Limit for Issuing Sales Documentary Evidence" to proceed. For small-scale profit-seeking enterprises which are exempted to issue the uniform invoice, the original certificate is allowed to be exempted from provision to others.
|
|
Q： |
Which items are required to state in the accounting documents for profit-seeking enterprises? |
|
A： |
The variety of certificates from or to the public shall be stated the name, address, uniform invoice number, transaction date, item, quantity, unit price, amount, sales amount, business tax amount of mutual party and stamped. In the condition of the certificate, which is the receipt issued from individuals, the number of identities shall be stated on the certificate, except for the abovementioned items. However, if the certificate to the public is issued to the non-profit organization, the name, address, and uniform invoice number of buyer is able to be exempted to state, except for the abovementioned items. In the condition of the aforementioned certificate to or from the public, which is issued, transferred, received by computers, online or other electronic devices, the name, address, uniform invoice number shall be printed on the uniform invoice purchase certificate stamp, but the stamp on the certificate is not required. On the other side, regarding to the internal accounting items, the internal certificate shall be stated the fact of matters, amount, date of issuance and signature and stamp of issuer clearly, but the adjusting event and settling items at the end of term and the items in the next term after settling is not required to submit the original certificate. |
|
Q： |
What the punishment is for profit-seeking enterprise which fails to obtain or provide the certificate by the prescribed regulations? |
|
A： |
Profit-seeking enterprises which shall obtain the certificate from others but fail to or which shall provide the certificate to others but fail to shall be fined 5% of recognized total amount by the revenue service office. The maximum amount of fine is under TWD 1,000,000. For sales of goods, the revenue service office takes the accounting records from the same industry within the same term, the publishment of newspaper, or other certificate which can be referred to the maximum price of such goods these factors into consideration to verify the sales price; for purchase of goods, the revenue service office takes the minimum price of such goods in the same place within the same year into consideration to verify the original expense of purchase. |
|
Q： |
How long the accounting records and documents is required to be maintained for profit-seeking enterprises in Taiwan? |
| A： |
The maintenance of accounting records shall be proceeded properly at least 10 years after the annual audit at the end of each fiscal year, but the accounting items which have not been settled are not included. The carbon copy or stubs of obtained or provided certificate or other accounting documents shall be maintained at least 5 years, except for the items which have not been settled or are required to maintained permanently. In regard to term of maintenance for the receipt of taxation, the suggested term of maintenance is 5 years, which aims to avoid the dispute which may be occurred within the investigation of the suspect of failure to pay taxes. |
|
Q： |
What kind of punishment would be faced for failure to maintain the certificate for profit-seeking enterprises? And which conditions could be exempted from the punishment? |
| A： |
Profit-seeking enterprises which shall obtain the certificate from others but fail to or which shall provide the certificate to others but fail to shall be fined 5% of recognized total amount by the revenue service office. The maximum amount of fine is under TWD 1,000,000. For sales of goods, the revenue service office takes the accounting records from the same industry within the same term, the publishment of newspaper, or other certificate which can be referred to the maximum price of such goods these factors into consideration to verify the sales price; for purchase of goods, the revenue service office takes the minimum price of such goods in the same place within the same year into consideration to verify the original expense of purchase. Besides, profit-seeking enterprises which lose the used accounting documents at that year with reasonable causes shall report this fact to the revenue service office and maintain another new record pursuant to the original certificate to state and the prescribed regulations to verify. In the circumstance of the whole or a part of copies of original certificates which were lost owing to force majeure disasters or requirement of submission by the related entities, the losses of income within the affiliated term shall be verified by the averaged profit margin within the previous 3 years by the revenue service office. |
Language
close
