2017-06-05
New amendments regarding the tax policy of imported goods
In order to reduce the difference in taxation between online shopping from foreign and domestic websites, Taiwan’s Ministry of Finance has announced a limit on the range of duty free of tariff and business taxes that can be imposed on imported goods in two steps.
In the first step, if goods are imported from overseas more than six times in a half year, no matter how much the goods are, the tariff and business tax shall be imposed. The half year tax liability will be calculated from January 1 to June 30 and from July 1 to December 31. This new regulation will come into effect on 1 July, 2017.
In the second step, the scope of low-price imported goods will be limited. From 1 September 2017, only imported goods having a value of under NT$ 2000 can be exempted from the tariff and business tax.
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