- From January 1st to March 31st, the import business tax on soybeans, wheat, and corn will be reduced by 100%.
- The Ministry of Finance, along with the Ministry of Economic Affairs and the Ministry of Agriculture, announced the continuation of the tax reduction to stabilize prices.
- The tax exemption on soybeans, wheat, and corn was previously in effect from February 7th, 111 to December 31st, 112.
- Due to ongoing conflicts and abnormal weather conditions, there is a risk of price fluctuations in international commodities.
- To alleviate the burden on domestic businesses and stabilize prices, the tax reduction measures have been extended for an additional 3 months.
- The Ministry of Finance urges businesses and importers to reflect the tax benefits in the reduced prices of related goods.
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
