Private tax refund operators shall file cash transaction report or suspicious transaction report thereof with the Anti-Money Laundering Division of the Investigation Bureau, Ministry of Justice,when they accept the case of tax refund above NT$500,000 or the case of suspicious transaction no matter the way they give the tax refund to foreign travelers with cash or non-cash; the above-mentioned situation also include the incompletion of the transaction.If private tax refund operators find the obvious, significant and urgent suspected money laundering transactions,shall report the case concerned to the Investigation Bureau, Ministry of Justice promptly by fax or other feasible means and follow it up with a written report in accordance with the above provisions
In case of any of the following situations, regardless of the amount , a private tax refund operators shall file a suspicious transaction report (STR) thereof with the Investigation Bureau, Ministry of Justice :
1. Where a foreign traveler is a terrorist or terrorist group as advised by the Ministry of Finance based on information provided by foreign governments, or a terrorist organization identified or investigated by an international organization against money laundering; or where the transaction is suspected or bears reasonable reason to suspect to have been linked with a terrorist activity, terrorist organization or financing of terrorism.
2. Where the foreign travelers stay in Taiwan frequently during a period of time and process the large-amount VAT refund, are listed as the investigated target of a suspicious transaction ,who are deemed as irregular by the Investigation Bureau, Ministry of Justice under the investigation of the agency of the Ministry of Finance or the private tax refund operators.
The private tax refund operators may not accept an application for a VAT refund made by the foreign travelers if they are listed on the Sanctions list by Ministry of Justice in accordance with Financing of Terrorism Prevention and Control Law ,before they are announced to expulsion by Ministry of Justice.
Financial institutions are commissioned to handle VAT refunds to foreign travelers relating to the large-amount VAT refund or suspicious transaction report by the private tax refund operators, shall be in accordance with Money Laundering Control Act and Regulations Governing Cash Transaction Reports（CTR）and Suspicious Transaction Reports（STR）by Financial Institutions.