Uniform Invoice Lottery
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Uniform Invoice Lottery
The Uniform Invoice or Unified Invoice (統一發票 ), is a type of receipt in Taiwan that is issued by merchants for selling products and services, kept by both seller and consumer, with a 8-digit number for each one, for taxation proposes, managed by the Ministry of Finance of the Republic of China (Taiwan) existing in many form such as hand-written 2-copy, 3-copy, and printed with cashier, and recently electronic Uniform Invoice. Uniform Invoice also features a lottery-like feature drawn every two months. Description The Uniform Invoice and lottery featuring was conceptualized by the first Kuomintang (KMT) finance chief, Jen Hsien-qun (), to boost tax revenues in the early days of the KMT government. The introduction of this lottery on January 1, 1951, encouraged locals to obtain receipts for every purchase made with businesses with a monthly turnover of NT$200,000 (US$6,200) and above. As a result, the Finance Ministry collected NT$51 million (US$1.6 million) that year, ...
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Ministry Of Finance (Republic Of China)
The Ministry of Finance (MOF; ) is the ministry of the Republic of China (Taiwan) responsible for government revenue, taxation, treasury, government land properties, customs in Taiwan. The current minister is Su Jain-rong. The Ministry of Finance also manages the administration of government land, tobacco and alcohol, deposit insurance for banking customers and export-import banking services. Structure Internal Structure The internal structure of the agency is comprised: *Department of General Affairs *Department of International Fiscal Affairs *Department for the Promotion of Private Participation *Department of Secretarial *Department of Personnel *Department of Government Ethics *Department of Accounting *Department of Statistics *Department of Legal Affairs Administrative Agencies The Ministry of Finance has a number of subordinate agencies reporting to it. They are: * National Treasury Administration * Taxation Administration * National Property Administration * Cu ...
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Receipt
A receipt (also known as a packing list, packing slip, packaging slip, (delivery) docket, shipping list, delivery list, bill of the parcel, manifest, or customer receipt) is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service. All receipts must have the date of purchase on them. If the recipient of the payment is legally required to collect sales tax or VAT from the customer, the amount would be added to the receipt, and the collection would be deemed to have been on behalf of the relevant tax authority. In many countries, a retailer is required to include the sales tax or VAT in the displayed price of goods sold, from which the tax amount would be calculated at the point of sale and remitted to the tax authorities in due course. Similarly, amounts may be deducted from amounts payable, as in the case of taxes withheld from wages. On the other hand, tips or other gratuities that a ...
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Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ROC consist of 168 islands, with a combined area of . The main island of Taiwan, also known as ''Formosa'', has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its highly urbanised population is concentrated. The capital, Taipei, forms along with New Taipei City and Keelung the largest metropolitan area of Taiwan. Other major cities include Taoyuan, Taichung, Tainan, and Kaohsiung. With around 23.9 million inhabitants, Taiwan is among the most densely populated countries in the world. Taiwan has been settled for at least 25,000 years. Ancestors of Taiwanese indigenous peoples settled the isla ...
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Taxation In Taiwan
Taxes provide an important source of revenue for various levels of the Government of the Republic of China. The tax revenue of Taiwan in 2015 amounted NT$2.1 trillion. Tax administration The Ministry of Finance, which is part of the Executive Yuan, is the highest government entity responsible for implementing taxation policies and overseeing the leveling and collection of taxes. Taxation occurs at both the national and local government level. National taxes Two broad categories of taxes exist at the national level: customs duties and inland taxes. Customs duties are administered by the Directorate-General of Customs, which has local offices throughout the country. Five national tax administrations who are directly subordinate to the central government handle oversight of all inland taxes. Inland taxes is a broad term that includes: *Income Tax; *Estate and Gift Tax; *Value-Added and Non-Value-Added Business Tax; *Tobacco and Alcohol Tax; *Commodity Tax; *Securities Transaction ...
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Republic Of China
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the northeast, and the Philippines to the south. The territories controlled by the ROC consist of 168 islands, with a combined area of . The main island of Taiwan, also known as ''Formosa'', has an area of , with mountain ranges dominating the eastern two-thirds and plains in the western third, where its highly urbanised population is concentrated. The capital, Taipei, forms along with New Taipei City and Keelung the largest metropolitan area of Taiwan. Other major cities include Taoyuan, Taichung, Tainan, and Kaohsiung. With around 23.9 million inhabitants, Taiwan is among the most densely populated countries in the world. Taiwan has been settled for at least 25,000 years. Ancestors of Taiwanese indigenous peoples settled the island around 6,00 ...
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Kuomintang
The Kuomintang (KMT), also referred to as the Guomindang (GMD), the Nationalist Party of China (NPC) or the Chinese Nationalist Party (CNP), is a major political party in the Republic of China, initially on the Chinese mainland and in Taiwan after 1949. It was the sole party in China during the Republican Era from 1928 to 1949, when most of the Chinese mainland was under its control. The party retreated from the mainland to Taiwan on 7 December 1949, following its defeat in the Chinese Civil War. Chiang Kai-shek declared martial law and retained its authoritarian rule over Taiwan under the ''Dang Guo'' system until democratic reforms were enacted in the 1980s and full democratization in the 1990s. In Taiwanese politics, the KMT is the dominant party in the Pan-Blue Coalition and primarily competes with the rival Democratic Progressive Party (DPP). It is currently the largest opposition party in the Legislative Yuan. The current chairman is Eric Chu. The party originate ...
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New Taiwan Dollar
The New Taiwan dollar (code: TWD; symbol: NT$, also abbreviated as NT) is the official currency of Taiwan. The New Taiwan dollar has been the currency of Taiwan since 1949, when it replaced the Old Taiwan dollar, at a rate of 40,000 old dollars per one new dollar. The basic unit of the New Taiwan dollar is called a yuan () and is subdivided into ten jiao (), and into 100 fen () or cents, although in practice both jiao and fen are never actually used. There are a variety of alternative names to the units in Taiwan. The unit of dollar is typically informally written with the simpler equivalent character as , except when writing it for legal transactions such as at the bank, when it has to be written as . Colloquially, the currency unit is called both (''yúan'', literally "circle") and (''kuài'', literally "piece") in Mandarin, (''kho͘'', literally "hoop") in Hokkien, and (''ngiùn'', literally "silver") in Hakka. The central bank of Taiwan has issued the New Taiwan Dolla ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Culture Of Taiwan
The culture of Taiwan is a blend of Confucian Chinese and indigenous Taiwanese cultures. Despite the overwhelming traditional Chinese influence, Japanese culture has influenced Taiwanese culture as well. The common socio-political experience in Taiwan gradually developed into a sense of Taiwanese cultural identity and a feeling of Taiwanese cultural awareness, which has been widely debated domestically. Reflecting the continuing controversy surrounding the political status of Taiwan, politics continues to play a role in the conception and development of a Taiwanese cultural identity, especially in the prior dominant frame of a Taiwanese and Chinese dualism. In recent years, the concept of Taiwanese multiculturalism has been proposed as a relatively apolitical alternative view, which has allowed for the inclusion of mainlanders and other minority groups into the continuing re-definition of Taiwanese culture as collectively held systems of meaning and customary patterns of thought ...
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Gambling In Taiwan
200px, 公益彩券統一識別標誌 Gambling in Taiwan is prohibited by the Criminal Code of the Republic of China.''Premier amenable to casino proposal''
by Shih Hsiu-chuan (, 20 February 2013)
State-run lotteries, like the Uniform Invoice lottery, are the only legal form of on mainland . The construction of casinos on ...
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Economy Of Taiwan
The economy of Taiwan is a highly developed market economy. It is the 8th largest in Asia and 18th-largest in the world by purchasing power parity, allowing Taiwan to be included in the advanced economies group by the International Monetary Fund. It is gauged in the high-income economies group by the World Bank. Taiwan is one of the most technologically advanced computer microchip makers in the world. History Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor, with investments primarily centered in Asia. Private Taiwanese investment in mainland China is estimated to total in excess of US$150 billion, and official tallies cite Taiwan as having invested a comparable amount in Southeast Asia. : during the early Qing Dynasty, the preceding Ming dynasty supporters survived for a brief period of time in exile in Taiwan, and in 1949, as the Chinese Communist Party gained control of mainland China, ...
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Lottery Games
A lottery is a form of gambling that involves the drawing of numbers at random for a prize. Some governments outlaw lotteries, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments. The most common regulation is prohibition of sale to minors, and vendors must be licensed to sell lottery tickets. Although lotteries were common in the United States and some other countries during the 19th century, by the beginning of the 20th century, most forms of gambling, including lotteries and sweepstakes, were illegal in the U.S. and most of Europe as well as many other countries. This remained so until well after World War II. In the 1960s, casinos and lotteries began to re-appear throughout the world as a means for governments to raise revenue without raising taxes. Lotteries come in many formats. For example, the prize can be a fixed amount of cash or goods. In this format, there is risk t ...
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