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The legislature on Friday passed a bill to extend tax rebates on energy-saving home appliances for another two years and the replacement of aging vehicles for five years. Under amendments to the Commodity Tax Act (貨物稅條例), a measure aimed at encouraging people to buy energy-saving home appliances would continue until June 14, 2023. The measure allows for a rebate of up to NT$2,000 (US$71.66) on new refrigerators, air conditioners and dehumidifiers that meet “level 1” or “level 2” energy efficiency standards specified in the Bureau of Energy’s rating system. As of Jan. 31, th...

Legislature passes bill on tax rebates for home appliances, vehicles 05/07/2021 10:43 PM CNA file photo Taipei, May 7 (CNA) The Legislature passed a bill Friday green- lighting a government plan to extend tax rebates on purchases of energy-saving home appliances and the replacement of old vehicles with new ones. Under amendments to the Commodity Tax Act, a measure aimed at encouraging consumers to buy energy-saving home appliances will continue until June 14, 2023. A tax rebate of up to NT$2,000 (US$71) will be offered for each newly purchased refrigerator, air conditioner or dehumidifier tha...

Tax rebates to continue for efficient appliances Staff writer, with CNA A proposal to extend tax rebates on energy-saving home appliances for another two years has been approved by the Cabinet and is to be submitted to the legislature for review, Executive Yuan spokesman Lo Ping-cheng (羅秉成) said yesterday. If lawmakers approve the amendments to the Commodity Tax Act (貨物稅條例), the incentives would continue until June 14, 2023, allowing a rebate of up to NT$2,000 (US$70.09) on new refrigerators, air-conditioners and dehumidifiers if they meet energy efficiency standards, Lo told ...

Tax rebates on energy-saving home appliances to be extended 2 years 02/22/2021 05:26 PM CNA file photo Taipei, Feb. 22 (CNA) A tax incentive package to encourage purchases of energy efficient electricity appliances that was set to expire on June 14 will be extended an additional two years, the Ministry of Finance (MOF) said Monday. The MOF publicly announced a draft amendment that day to the Commodity Tax Act to extend the tax breaks on select energy-saving home appliances until June 14, 2023. Article 11-1 of the Act stipulates that up to NT$2,000 (US$71.64) in commodity tax reduction is offe...

A tax incentive package to encourage purchases of energy-efficient home appliances that is set to expire on June 14 would be extended by an additional two years, the Ministry of Finance (MOF) said yesterday. The ministry has proposed a draft amendment to the Commodity Tax Act (貨物稅條例) that would extend the tax breaks on select energy-saving appliances until June 14, 2023. Article 11-1 of the act stipulates that a commodity tax cut of up to NT$2,000 (US$70.58) would be given for purchases of new refrigerators, air conditioners or dehumidifiers that meet either Level 1 or 2 energy-sav...