2008-06-02
TAX REDUCTION IN EXPORT PROCESSING ZONES
On July 23, 2007, the Ministry of Finance announced regulatory amendments to eliminate double taxation on companies transporting goods between Taiwan's Export Processing Zones (EPZs) and regular tax zones. For “non-bonded goods” moving between EPZs into tax zones, only a 5% business tax would be levied rather than customs duties which have been eliminated.
Similar elimination of double taxation is also being addressed for companies at bonded factories and science parks.
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