TAX-ACCOUNTANCY ASSOCIATION UNION OF REPUBLIC OF CHINESE TAIPEI (TAAUT) HOLDS REGIONAL AOTCA CONFERENCE
By: Atty. Euney Marie J. Mata-Perez
In response to the thrust of the Asia-Oceana Tax Consultants’ Association to have more exchange of information among its members in the Asia-Pacific region, the Tax-Accountancy Association Union of Republic of Chinese Taipei (TAAUT) held a regional tax conference last January 21, 2019 in Taipei City and invited AOTCA members to speak at the conference. The conference was upon the initiative of TAAUT President, Mr. Ming-Hsien Hung.
Ms. Shek Wing Man of the Tax Institute of Hong Kong (TIHK) spoke on the Base Erosion and Profit Shifting (BEPS) development and digital economy taxation and Ms. Yu Li Chen, Director of Taiwan’s Anti-Money Laundering Office spoke on AML Developments in Taiwan. Meanwhile AOTCA President, Atty. Euney Marie J. Mata-Perez, spoke about AOTCA to around 100 conference participants. Other AOTCA officers who joined the regional conference were as follows: Mr. Raymond Tang, Auditor of AOTCA, and Mr. Chan Chung Wai (Bryan), past President of the TIHK.
TAAUT officers also brought the AOTCA officers to the office of the of National Taxation Bureau of the Northern Area, Ministry of Finance, Taiwan (NTB-Northern Area) in Taoyuan City, 46 kilometers from Taipei, and introduced them to Director General Hsui-Chung Wang and other officers of the NTB-Northern Area, who generously served the guests with the wonderful Taiwan oolong tea and delicious fruits.
After showing an exhibit of Taiwan’s vintage invoices (which they call “fapiao”), the officers of the NTB-Northern Area showed a power point presentation on Taiwan’s Uniform Invoice System and Cloud Invoice Outcome through a platform that is provided by the government and which could be accessed even by small business owners. They reported that since they adopted the system, compliance and collection significantly increased. They also implemented several promotion activities, including a lottery program available to all participants.