Q：
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How to proceed accounting and tax return for the sales figures from goods in accordance with Value-added and Non-value-added Business Tax Act in Taiwan?
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A：
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1.
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A business entity which goods produced, imported or purchased by a business entity for sale but in fact used by itself or transferred to others for no consideration as sales figures with the current market price shall lists such goods produced, imported or purchased as property or fees in the original costs, instead of market price. Upon the declaration of tax return, the sales figures on the uniform invoice shall be deducted at the adjustment bar of sales figures on the profit-seeking enterprises income tax form.
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2.
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A business entity which purchases goods under its own name on behalf of a third party and delivers the goods to the third party takes the original price of goods to the third party as sales figures. The sales figures shall be deducted at the adjustment bar of sales figures on the profit-seeking enterprises income tax form, except for the commission income.
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3.
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A business entity which sells goods under its own name on behalf of a third party set the shipping amounts and the price for sales to the third party as the sales figures by the shipment. The price of goods without sales by the third party shall be deducted at the adjustment bar of sales figures on the profit-seeking enterprises income tax form in the declaration of tax return.
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4.
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A business entity which sells goods under its own name on behalf of a third party set the shipping amounts and the price for sales to the third party as the sales figures. The sales figures shall be deducted at the adjustment bar of sales figures on the profit-seeking enterprises income tax form, except for the commission income.
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5.
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A business entity which set the rest of goods in dissolution or abolishment of business or debt off-setting, distribution of goods to shareholders or investors as sales figures in market price. The estimated price of such goods shall be dealt in the market price or closing price in the declaration of liquidation.
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Q：
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How to decide the closing date of construction contracted by the profit-seeking enterprises in Taiwan?
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A：
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The closing date of construction shall be the date of construction finished. The official recognized closing date of construction shall be the date of transfer of finished contracted construction to the commissioner. Provided that the abovementioned date cannot be known, the date shall be issuing date of license by the competent authority instead. Reversely, the closing date of non-construction shall be the date of acceptance of work by the commissioner.
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Q：
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How to compute the rate of completion of contracted work for profit-seeking enterprises in Taiwan?
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A：
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Here are 3 ways to compute the rate of completion of contracted work for profit-seeking enterprise as following:
1.
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Engineering cost-ration plan: the invested amount of capital in the total amount of capital to compute.
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2.
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Work hour ration plan: the invested amount of work hours or labor forces in the total amount of work hours and labor forces to compute.
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3.
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Producing entity ratio plan: the amount of producing units in the total amount of producing unit to compute.
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Q：
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How to compute the benefits and losses for profit-seeking enterprises contracting more than 2 works at the same year in Taiwan?
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A：
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profit-seeking enterprises which contracted more than 2 works at the same year shall compute the engineering expenses respectively. In the condition of absence of income on the record, the revenue service office is able to set up the income with the obtained information or the benefit criteria among the same industries.
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Q：
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When to declare the income form sales vouchers, loyalty cards or warranty services to the corresponsive income?
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A：
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1.
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The vouchers, loyalties cards or warranty services comes with the goods or labor forces shall be listed as the corresponsive income while selling. Any act of postponement is not allowed.
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2.
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In the condition of exchange of commodities with loyalty cards from clients, this nature of exchange is attributed to sales return from the profit-seeking enterprises to clients. In this case, such exchanged commodities shall be the sales return in that year.
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