The Regulations Governing the Claiming of VAT Refunds for Goods and Services Eligible for VAT Purchased by Foreign Enterprises, Institutions, Organizations, or Associations Engaging in Exhibitions or Temporary Business Activities within the Territory Article 3

The calculation of “within the period of one year” stipulated in Paragraph 3, Article 7-1 shall start from the date of the first entry of foreign enterprise, institution, organization, or association which participates in exhibitions or temporary business activities in the territory of the Republic of China (R.O.C.). After the expiration of the one-year period, recalculation of the term shall start on the day following the expiration of the one-year period or the re-entry date.The meaning of “a certain amount of money” stipulated in Paragraph 3, Article 7-1 means that the total of the VAT amount of the purchase receipts acquired reaches a minimum of NT$ 5,000 during the aforesaid period. The amount of the VAT shall be computed by the following formula:The amount of the VAT = Total amount of purchase receipts ÷ (1 + applicable tax rate) × applicable tax rateA foreign enterprise, institution, organization, or association could file other taxable documents in the same year within the time limit prescribed in Article 5 to apply for the refund of VAT upon the approval of the competent tax authority for returning the business tax. The amount of the tax refund applied is not subject to the certain amount of money prescribed in the preceding paragraph.In the case that the last figure of the amount of the VAT on purchases is less than one dollar of circulating currency, the rounding-off system shall be used in the calculation.