Recently, Taiwan and China have agreed to continue discussions on goods tariff reductions within their economic cooperation framework agreement (ECFA), despite the long-running dispute over the cross-strait agreement for trade in services that was signed in June last year. The ECFA will effect at the beginning of 2011, and implemented a three-year program of import duty reductions up to January 1, 2013, reducing the tariffs on all of its listed items to zero. In total, the tariff cuts involved a total of 539 items exported from Taiwan to China, while 267 Chinese products imported into Taiwan were also included in the agreement.
China: VAT rates reformed
Related Posts
Taiwan: MoF extends 2026 property tax filing deadline
Taiwan’s Ministry of Finance (MoF) has announced that the 2026 property tax (tax year 115) will be levied from 1 May 2026. Taxpayers whose properties qualify for preferential tax rates or exemptions must submit applications to their local tax
Read MoreTaiwan: Ministry of Finance clarifies invoice rules for businesses
The Ministry of Finance clarified, on 19 March 2026, that if a business’s monthly sales do not reach TWD 200,000, it may continue to be exempt from issuing uniform invoices. Instead, business tax is levied at a fixed rate of 1%. Contrary to
Read MoreTaiwan clarifies only full-time personnel qualify as eligible expenditure for R&D tax credit
Taiwan’s Ministry of Finance issued a notice on 16 March 2026, clarifying that only full-time personnel fully dedicated to R&D activities qualify as eligible expenditure for investment tax credits. To advance industrial innovation and
Read MoreTaiwan: MoF clarifies penalties for CFC based salary concealment
Taiwan’s Ministry of Finance (MoF) has released a notice 16 March 2026, outlining penalties for cases where employee salary income in Taiwan is concealed through Controlled Foreign Corporations (CFCs) that have no substantive operations. To
Read MoreTaiwan: Northern Tax Bureau issues reminder on CFC rules
Taiwan’s Northern District National Taxation Bureau has issued a reminder to businesses regarding the Controlled Foreign Company (CFC) rules, which came into effect in 2023. The rules were introduced to prevent multinational enterprises from
Read MoreTaiwan clarifies tax treatment of enterprises overseas income from foreign financial products
Taiwan’s Northern District National Taxation Bureau of the Ministry of Finance clarified today, 12 March 2026, that income derived by profit-seeking enterprises from investments in foreign financial products constitutes overseas income. Such
Read More