Uniform Invoice

Uniform Invoice

In the Republic of China (Taiwan), Uniform Invoice or Unified Invoice (統一發票) is a form of standardized receipt that is issued by shops and businesses required under its taxation laws by the Ministry of Finance. [http://www.dot.gov.tw/display/show.asp?id=1087&lang=2&expand=2&thisitem=70&modify=1 Value-added and Non-value-added Business Tax Act] , Ministry of Finance (Republic of China), retrieved 28 March 2008] [http://www.dot.gov.tw/display/show.asp?id=1261&lang=2&expand=2&thisitem=70&modify=1 Regulations Governing the Use of Uniform Invoices] , Ministry of Finance (Republic of China), retrieved 28 March 2008] First enacted on 12 December 1950, it is a form of enforcement for all businesses to register and pay for the prevailing value added tax, [http://adwords.google.com/support/bin/answer.py?hl=en&answer=82232 What's a Government Uniform Invoice (GUI)?] , Google Help Center, retrieved 28 March 2008] [http://adwords.google.com/support/bin/answer.py?answer=82053 What is VAT, and how does it affect advertisers in Taiwan?] , Google Help Center, retrieved 28 March 2008] a major source of income to the government.

Dot matrix-printed receipts became the prevalent standard in the 1990s with the popularization of convenience stores across Taiwan. Along with this change was the authorities' allowing businesses to print their own Uniform Invoices with their logo and advertisements while fulfilling defined parameters, which was particularly made use of by large merchants. The common standard length and width for a Uniform Invoice is 4cm and 19cm respectively, regardless of the number of items purchased.

To encourage the public to enforce businesses to print Uniform Invoices to ensure the flow of taxation income, the Ministry of Finance has implemented that the eight-digit serial number in the Uniform Invoice also serves as a lottery ticket with bi-monthly draws. [http://www.dot.gov.tw/display/show.asp?id=1118&lang=2&expand=2&thisitem=70&modify=1 Uniform Invoice Award Regulations] , Ministry of Finance (Republic of China), retrieved 28 March 2008] To collect any winnings as the result of the lottery, the Uniform Invoice has to include all the information that the authorities can use to identify the VAT-paying business and the transaction made (in particular, the registration information of the business that is stamped or printed on the Uniform Invoice).

The grand prize of NT$2 million and the next two are paid out by the Taiwan Cooperative Bank. Prize money is also paid out for as little as last three matching numbers (NT$200) on the Uniform Invoice. Several charities allow for (or have dedicated boxes) the slotting of Uniform Invoices in donation boxes, in effect donating any possible winnings resulting from the bi-monthly draw.

With the advent of online transactions, e-Uniform Invoices are also issued. With the increased usage of such rather than the paper version, there are potential savings for businesses in lieu of printing out the Uniform Invoice.

ee also

*Economy of Taiwan

References

External links

*Current winning numbers may be found here: [http://english.etax.nat.gov.tw]


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Invoice — For the Japanese company, see Invoice (company). An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An… …   Wikipedia

  • invoice — in·voice / in ˌvȯis/ n 1: an itemized statement furnished to a purchaser by a seller and usu. specifying the price of goods or services and the terms of sale: bill 2: a consignment of merchandise Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

  • Factoring (finance) — This article is about finance. For other uses, see Factor (disambiguation). Corporate finance …   Wikipedia

  • Коносамент — (Consignment) Определение коносамента, разновидности и функции коносамента Информация об определении коносамента, разновидности и функции коносамента Содержание Содержание Обозначение Разновидности и чартер как правовая основа морских перевозок… …   Энциклопедия инвестора

  • Order (business) — In business or commerce, an order is a stated intention, either spoken or written, to engage in a commercial transaction for specific products or services. From a buyer s point of view it expresses the intention to buy and is called a purchase… …   Wikipedia

  • Postage stamps and postal history of Mexico — One and two reales stamps, 1856, with Morelia overprints and Pátzcuaro cancellation Mexico s postal system has its roots in the Aztec system of messengers which the Spanish adopted after the Conquest. During the 18th century, Spain established a… …   Wikipedia

  • Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… …   Wikipedia

  • Sales taxes in the United States — are a tax added onto the price of goods or services that are purchased in the United States. A sales tax is a tax on consumption, which is displayed as a percentage of the sale price. Sales taxes are assessed by every state except Alaska,… …   Wikipedia

  • Hash function — A hash function is any well defined procedure or mathematical function for turning some kind of data into a relatively small integer, that may serve as an index into an array. The values returned by a hash function are called hash values, hash… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”