Commodity Tax Act News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bringing Taiwan to the World and the World to Taiwan

Taipei, May 30 (CNA) A tax incentive program aimed at encouraging people to purchase energy-efficient household appliances will be extended by an additional two years, after Taiwan's Legislature approved an amendment to the law Tuesday.

Taipei, Dec. 1 (CNA) Taiwan's Cabinet approved on Thursday a draft amendment to the Commodity Tax Act that if passed will extend the current commodity tax reduction period for buyers of new heavy-duty diesel vehicles who trade in their old ones, until the end of 2026.

The Cabinet on Thursday approved a draft amendment to the Vehicle License Tax Act (使用牌照稅法) that would extend a tax exemption for electric vehicles (EVs) for four years until the end of 2025. Article 5 of the act stipulates that municipal, county or city governments can exempt electric vehicles from the tax until Dec. 31. The amendment would extend that exemption until Dec. 31, 2025, the Ministry of Finance said in a statement. The ministry said it proposed the revisions extending the exemption to encourage the use of low-emission electric-powered vehicles, foster the development of...

Taipei, Nov. 4 (CNA) Taiwan's Cabinet approved on Thursday a draft amendment to the Vehicle License Tax Act that would extend the license tax exemption period of electric vehicles for a period of four years until the end of 2025.