Taiwan Ministry of Finance 結果共14筆

Discover the latest updates on Taiwan’s new cabinet under President-elect Tsai Ing-wen and designated Premier Cho Jung-tai, including the retention of key deputy ministers across various ministries such as Finance, Economic Affairs, Culture, Environmental Protection, Labor, and the Digital Ministry, aiming to strengthen national policies and digital resilience.

Explore the debate in Taipei as lawmakers advocate for sales tax exemption on menstrual products, facing opposition from the Ministry of Finance over concerns of insufficient consumer benefits and potential NT$380 million annual revenue loss. Amidst discussions on gender wage gaps and period poverty, the ministry highlights the challenges of tax exemption policies and the broader implications for the tax system.

Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.

The Ministry of Foreign Affairs of China objected to Philippine President Ferdinand Marcos Jr.’s congratulatory message to President-elect Lai Ching-te, citing a violation of the ＂One China＂ principle and the diplomatic tie agreement between China and the Philippines. China’s Foreign Affairs office expressed strong dissatisfaction with Marcos Jr.’s remarks and lodged a vehement protest. An assistant minister of the Agricultural Finance Ministry summoned the Philippine ambassador to China over the matter. China urged the Philippines to refrain from making erroneous statements and actions regarding Taiwan and to respect the ＂One China＂ principle in order to maintain robust and stable China-Philippine relations.

Taiwan’s Ministry of Finance clarifies that the property at Lai Ching-te’s permanent residence was not illegally transferred from public to private ownership. The Finance National Property Administration states that land registry data show the property has always been privately owned and has no record of being expropriated from state ownership. Accusations of profiteering corruption against Lai by former legislator Chiu Yi and media personality Mao Chia-ching are refuted by the FNP, which reiterates that the land has been privately owned since 1940 with no records of state ownership or transfer.

Taiwan’s Legislative Yuan has passed an amendment to the House Tax Act, known as the ＂House Hoarding Tax 2.0,＂ raising the tax rate for non-owner-occupied housing to a range of 2 to 4.8 percent, up from the current range of 1.5 to 3.6 percent. The tax rates will apply nationally to all properties owned by individuals and will be implemented by July 2025. Local governments will set their tax rate discrepancies based on the total number of residential properties owned nationwide. The amendment was approved in the Legislative Yuan session following negotiations among the Democratic Progressive Party (DPP), the Kuomintang (KMT), and the Taiwan People’s Party (TPP), with dissent from the New Power Party (NPP).

Taiwan experiences a surge in travel as global restrictions ease, leading to a phenomenon known as ＂vacation vengeance.＂ The Ministry of Finance reports that approximately 8.42 million passengers traveled in the first nine months of 2023. However, strict tax exemption regulations have caused public frustration as returning residents face customs inspections for exceeding the purchase limit. The current tax exemption limit is NTD$20,000, but citizens argue it is insufficient. The Ministry of Finance is considering raising the limit to NTD$30,000 to NTD$40,000. The regulations governing duty-free privileges for inbound personal luggage have remained unchanged for over three decades. The Ministry of Finance is discussing potential changes to address the rising cost of overseas goods and the country’s gross national income compared to Japan and South Korea.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has promised to address a tax cut for young workers in continued negotiation with the Ministry of Finance. Kuomintang (KMT) Legislator Yang Chiung-ying has highlighted concerns over low salaries in Taiwan, noting that the median wage is NT＄42,000, the lowest among the Four Asian Tigers. To address this issue, Yang has suggested increasing the age for tax incentives for small and medium-sized enterprises (SMEs) hiring young employees from under 24 to under 30. This policy change, according to the legislator, could significantly help young people struggling with low wages. In response, Wang stated that the government would discuss the proposal with the Ministry of Finance and emphasized their efforts to reduce taxes to tackle the issue of low wages for young workers.

Four winners of the May-June uniform invoice lottery in Taiwan have yet to claim their NT＄10 million prizes, which will expire on Nov. 6, according to the Ministry of Finance. The winning number for the special prize is ＂29268886,＂ with a total of 21 tickets bearing this number. The unclaimed winning tickets were obtained through everyday activities such as shopping, refueling, or food purchases.

Around 100,000 individuals in Taiwan haven’t claimed their NT＄6,000 from tax surplus and the deadline is fast approaching. This unclaimed amount totals about NT＄6 billion, despite nearly 23.39 million citizens having already claimed their money. The National Treasury Administration urges eligible citizens to act swiftly and cautions against sharing personal data through unsolicited calls or messages.

Four unclaimed receipts from the March-April 2023 receipt lottery are still eligible for the NT$10 million grand prize.

The Ministry of Finance (MOF) unveiled on Monday (July 3) that nearly 6.5 million households in Taiwan filed their income for the year 2021, with approximately 3.05 million of them being exempted from paying taxes, including 13 households earned over NT＄ 5 million yearly income.

The Ministry of Labor (MOL) expressed doubts regarding the feasibility of a 4-day workweek initiative on Monday (June 26), citing potential impacts on various industries in Taiwan, including education, transportation, finance, and government agencies.

The Ministry of Finance (MOF) estimates that Taiwan will see an excess tax revenue of NT＄450 billion this year.