{"id":9648,"date":"2021-03-02T12:49:29","date_gmt":"2021-03-02T04:49:29","guid":{"rendered":"https:\/\/ijpdaxbhbd.onrocket.site\/?p=9648"},"modified":"2024-02-19T16:41:58","modified_gmt":"2024-02-19T08:41:58","slug":"how-why-use-b2b-e-invoices-in-taiwan","status":"publish","type":"post","link":"https:\/\/www.enspyre.com\/en\/blog\/how-why-use-b2b-e-invoices-in-taiwan\/","title":{"rendered":"How and why to use B2B E-Invoices in Taiwan"},"content":{"rendered":"

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Founded in 2002, Enspyre is Taiwan\u2019s leading B2B Lead Generation<\/a> and Phone Answering<\/a> company. Our company assists world leading enterprises in finding their business customers in Taiwan. We also provide professional phone answering services to small- and medium-sized companies so no business opportunities will be missed.<\/p>\n

For over 20 years, like most companies in Taiwan we have been using traditional, handwritten receipts, so called \u201cF\u0101pi\u00e0o\u767c\u7968\u201d. However, this process is not only time-consuming, but also expensive and waste a lot of paper and transportation costs. After collecting information for a long time, we decided to start using the E-Invoice Platform from the Ministry of Finance (MOF). We officially switched to using paperless e-invoices in September 2018.<\/p>\n

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Invoice or Receipt?<\/h2>\n

There is a confusion of terms here. What the Taiwanese government calls a fapiao in Chinese they translate into English as \u201cInvoice\u201d.<\/p>\n

If you search Google in English for a definition of the word invoice you get:<\/p>\n

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\"Invoice<\/p>\n

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This would imply that an invoice is something that you hand over BEFORE you get paid.<\/p>\n

When you go to a store and buy something you hand over the money and they will hand you back a fapiao that shows how much you paid. In English most people would call this a receipt.<\/p>\n

If you are a B2B company in Taiwan you most often send a fapiao to a client when you WANT them to pay (invoice) and this also acts as a proof of payment (receipt). Based on this receipt you pay taxes even if you have not yet received the money from the client\u2019s money.<\/p>\n

Keep this in mind when you read the rest of the article and we continue to use the term e-invoice.<\/p>\n

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Concerns over E-invoices<\/h2>\n

Since adopting the e-invoice, the time dedicated to administrative operations has been reduced and our clients can receive invoices in a more efficient way. There are nevertheless some challenges in changing such an important procedure. We are often asked the following questions:<\/p>\n