The National Taxation Bureau of Kaohsiung, Ministry of Finance stated that since the beginning of this year, due to the COVID-19, people are less willing to go out for consumption, which has affected all walks of life; as the domestic pandemic slows down, people have gradually returned to normal lives. In order to revitalize the economy and stimulate purchases, the government launched Triple Stimulus Vouchers on July 15.
The Bureau stated that the Triple Stimulus Vouchers are for people to exchange NT$1,000 (the same below) in cash for physical coupons with a face value of NT$3,000, or to accumulatively spend more than NT3,000 by credit card, electronic ticketing, electronic payment, etc., and collecting NT$2,000 in return. That is, people pay NT$1,000 and the government gifts them with NT$2,000. The NT$2,000 is a gift from the government and is exempt from income tax in accordance with Subparagraph 17, Paragraph 1, Article 4 of the Income Tax Act.
The Bureau further stated that when people’s consumption at physical stores is paid with the Triple Stimulus Vouchers, if the merchants are business entities using uniform invoices, as the Triple Stimulus Vouchers should be deemed as a cash gift certificate, in accordance with Article 14 of the Rules Governing the Use of Uniform Invoices, the merchants should issue uniform invoices.
The Bureau specially reminded the public that although people do not pay cash when using Triple Stimulus Vouchers, people should still request for uniform invoices. As long as the invoice’s total column contains the transaction amount, the invoice is still eligible to enter the uniform invoice lottery!
Contact: Fourth Examination Division, Mrs. Chen
TEL: 07-7256600 ext.7310