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Stories that are tagged 'Taiwan'

Taiwan Accused Of Dragging Feet In Trade Talks
5/17/2012
Following the announcement that China, Japan and South Korea are to begin talks on a trilateral free trade agreement by the end of this year, the Taiwanese government has been asked to explain why it has not already progressed further trade liberalization with China within their Economic Cooperation Framework Agreement.
Taiwan's Cabinet Tweaks Final CGT Structure
4/30/2012
Taiwan’s Finance Minister Christina Liu has confirmed the government has agreed the final structure of the new capital gains tax, that it intends to impose on profits made from trading in shares and bonds.
Taiwan Mulls Reduced Tax Rate For Expatriates
4/20/2012
It is likely that the government will propose measures to attract foreign professionals and other white-collar managers to Taiwan, on the instigation of the Taiwanese Premier Sean Chen.
Details Provided Of Taiwan's Proposed CGT
4/17/2012
Taiwan's Finance Minister Christina Liu has announced the structure of the new capital gains tax that the government will impose on profits made from trading in shares, bonds and derivative products, such as futures and options.
Taiwan's CGT Unlikely To Affect Small Retail Investors
4/12/2012
Following a further meeting of the government’s tax reform committee, Taiwan’s Minister of Finance Christina Liu has indicated that the proposal on a new capital gains tax on stock exchange profits is likely to be presented to the Executive Yuan shortly, but would also then need to be passed through the Legislative Yuan.
Taiwan's CGT May Exempt Foreign Investors
4/10/2012
Following a meeting of the government’s tax reform committee, Taiwan’s Ministry of Finance indicated that it was probable that foreign investors would be exempt from any proposal for a new capital gains tax on stock exchange profits.
World Economic Forum Issues Global ICT Report
4/6/2012
The World Economic Forum, in collaboration with INSEAD, has issued the Global Information Technology Report for 2012, which is said to be the most comprehensive assessment of the preparedness of global economies to leverage the networked economy.
Proposal For CGT In Taiwan Due Next Month
4/5/2012
At a parliamentary committee meeting, Christina Liu, Taiwan’s Minister of Finance has promised that a draft proposal for a new capital gains tax on stock exchange profits will be submitted to the Executive Yuan within one month.
CGT A Top Priority For Taiwan's Tax Panel
4/2/2012
Christina Liu, Taiwan’s Minister of Finance has disclosed that the government’s tax committee has, as one of its top priorities, the proposal for a capital gains tax on stock exchange profits.
Taiwan Could Repeal Luxury Tax In Reform Package
3/26/2012
In a parliamentary reply, Taiwan’s Finance Minister Christina Liu confirmed that, while luxury taxes will be eliminated at some point, it will only happen after permanent property taxes have been introduced within future tax reforms.
Taiwan Forms Tax Reform Study Group
2/22/2012
Christina Liu, the new Minister of Finance, has confirmed that a task force will be convened towards the end of next month by Taiwan’s Premier Sean Chen, to help examine and propose tax reform policies.
Taiwan Looks At A Windfall Tax
2/6/2012
Christina Liu, who will be Taiwan’s Minister of Finance in the cabinet reshuffle after the last month’s elections, has disclosed that she intends to appoint a committee to look at the government’s tax reform options, including a possible windfall tax.
Taiwan Looks To Join TPP Within 10 Years
1/31/2012
Following his re-election earlier this month, President Ma Ying-jeou has confirmed his wish to see Taiwan as a member of the Trans-Pacific Partnership within ten years, and to make Kaohsiung, in the south of Taiwan, into a free trade zone.
Taiwan Eases Expat Worker Rules
1/25/2012
A revision to the Employment Services Act passed by Taiwan’s parliament has not only extended the maximum number of years that foreigners may work in Taiwan from nine to twelve years, but also lowered the fine for late payment of their employment stabilization fees.
Raspberry Pi Balks At UK Tax Regime
1/17/2012
The UK's tax regime makes it far too expensive for an electronics company to manufacture in the country, the computer company Raspberry Pi has said, looking to Taiwan and China instead to produce its goods.
Hong Kong Remains World's Freest Economy
1/13/2012
For the 18th consecutive year, Hong Kong maintained its position as the world’s freest economy, according to the 2012 Index of Economic Freedom, published annually by The Heritage Foundation.
Swiss, Taiwan Private DTA In Force
1/10/2012
The Swiss Federal Department of Finance has announced that the private double taxation agreement effective for Chinese Taipei (Taiwan) has been published in the Confederation’s federal gazette.
Taiwan, Germany Sign DTA
1/3/2012
Taiwan’s Ministry of Foreign Affairs has announced that, in Berlin on December 19 and then also in Taipei on December 28, Taiwan and Germany signed a bilateral double taxation agreement.
ECFA Means More Tariff Reductions In 2012
12/30/2011
The second phase of the “early harvest” list of import tariff reductions under the economic cooperation framework agreement between Taiwan and China, which began on January 1, 2011, will have the effect that tariffs on more than 94% of the listed items will be zero at the beginning of 2012.
Taiwan Adjusts Non-Resident Withholding Tax Threshold
12/22/2011
Following an increase in the minimum wage in Taiwan, the monthly salary threshold of the 6% withholding tax rate for non-residents in the country will be increased to TWD28,170 from January 1, 2012.
Taiwan, New Zealand To Study ECA
12/21/2011
The New Zealand Commerce and Industry Office in Taipei and the Taipei Economic and Cultural Office in Wellington have agreed to begin a joint study on the feasibility of an Economic Cooperation Agreement between New Zealand and Taiwan.
Switzerland Recognizes Taiwan DTA
12/16/2011
Switzerland’s Federal Council has recently recognised the double taxation agreement of October 8, 2007 with Chinese Taipei (Taiwan).
Taiwan Takes First Step To Property Tax Changes
12/15/2011
Taiwan’s Legislative Yuan has passed amendments to the law governing the registration of real estate sale prices, which might represent the first step in changing the basis of calculation of property taxes.
Singapore Tops Asia-Pac 'Good Governance' Index
12/14/2011
Vriens and Partners, an Asia-focused corporate advisory firm, has issued its 2011 ‘Good Governance for International Business’ index of 19 economies in the Asia-Pacific region, in which Singapore has edged out Hong Kong for the number one position.
Taiwan Ratifies Investment Agreement With Japan
11/25/2011
The investment agreement between Taiwan and Japan, which, it is hoped, will greatly enhance their bilateral economic and trading relationship, has been approved and ratified by Taiwan’s parliament, the Legislative Yuan.
Taiwan Limits Income Tax Exemption On Royalties
11/22/2011
Taiwan’s National Tax Administration has confirmed that the income tax exemption for royalties paid to foreign enterprises will be limited to the extent of their domestic use.
APEC Approves Cross-Border Privacy Rules
11/18/2011
The Asia-Pacific Economic Cooperation group has approved a new initiative to harmonize cross-border data privacy protection, which is designed to enhance the protection of consumer data that moves between its members, including the United States, at a time when more consumer information is moving across national borders.
APEC Looks At Regional Economic Integration
11/17/2011
Under the chairmanship of US President Barack Obama, the leaders of the Asia-Pacific Economic Cooperation group, at their recent meeting in Hawaii, adopted the ‘Honolulu Declaration’, which looks towards a 'seamless regional economy', by strengthening regional economic integration and expanding trade, promoting green growth, and advancing regulatory convergence and cooperation.
Lieberman Promotes US FTAs With Asia
11/6/2011
Senator Joseph Lieberman (I - Connecticut), during a speech delivered at the Heritage Foundation regarding United States policy in the Asia-Pacific, has emphasized that America needs an ambitious, forward-looking, and strategically-minded trade policy for the region.
Taiwan Hopes NZ Trade Treaty Will Be First of Many
10/28/2011
Following the announcement of possible talks on a bilateral trade treaty with New Zealand, Foreign Minister Timothy Yang has confirmed that Taiwan is looking at similar agreements with other countries.
Taiwan To Calculate Property Taxes On Market Value
10/6/2011
In a recent speech, Taiwan’s President Ma Ying-jeou confirmed that the government will, over time, change the basis of calculation of property taxes to actual market values.
Taiwan FTA Debated In European Parliament
9/29/2011
Following a question to the European Commission on strengthening economic and trade relations, and the possibility of a free trade agreement in the near future between the European Union and Taiwan, the European Parliament held its first debate on the issue on September 26, 2011.
Taiwan, Japan Sign Investment Agreement
9/27/2011
An investment agreement, that, it is hoped, will greatly enhance their bilateral economic and trading relationship, has been signed in Taipei between Taiwan and Japan.
Taiwan Gives VAT Refund To Belgian Businesses
9/15/2011
Taiwan’s Ministry of Finance has announced that Belgian businesses, with no permanent establishment in Taiwan, and that exhibit in a trade fair, are now eligible for a value added tax refund on their purchases of products and services in Taiwan.
Asia-Based Incorporation Specialist Expands Into Europe
9/8/2011
Offshore Incorporations Limited, a leading global company formation specialist based in Asia, has announced the opening of its first European office, in London, to support a growing number of Asia-based companies investing in Europe.
Taiwan-India DTA Comes Into Effect
8/23/2011
The double taxation agreement between Taiwan and India, which was signed only last month, entered into force on August 12, 2011.
US, Taiwan Establish Patent Cooperation
8/23/2011
The United States Patent and Trademark Office has announced a new pilot project for the Patent Prosecution Highway with the Taiwan Intellectual Property Office, that will permit each office to benefit from work previously done by the other office, reducing the examination workload and improving patent quality.
Taiwan, Hong Kong Sign Banking Supervision MOU
8/12/2011
The Hong Kong Monetary Authority and Taiwan’s Financial Supervisory Commission have signed a bilateral Memorandum of Understanding to cover cooperation in banking supervision.
Hong Kong, Taiwan Look To Increase Cooperation
8/10/2011
The Hong Kong-Taiwan Economic and Cultural Co-operation and Promotion Council and the Taiwan-Hong Kong Economic and Cultural Co-operation Council held their second joint meeting in Hong Kong on August 10, to discuss bilateral economic matters bewteen the two places.
Asian FDI Reached Records Last Year
8/1/2011
The United Nations Conference on Trade and Development, in its World Investment Report 2011, points out that, while global foreign direct investment has not yet bounced back to pre-crisis levels, some regions, and particularly Asia, show a better recovery than others.
Taiwan Offers E-Filing To Non-Residents When Leaving
6/29/2011
According to the National Tax Administration, e-Filing is now also available for those foreign taxpayers who abrogate their domicile/residence with the intention of leaving Taiwan in the middle of the tax year.
China Confirms Early Success Of ECFA With Taiwan
5/31/2011
China’s Ministry of Commerce has professed that the “early harvest list” of import tariff reductions under the economic cooperation framework agreement between Taiwan and China, which began on January 1 this year, has already proved successful.
Taiwan, Singapore Begin FTA Talks
5/27/2011
It has been disclosed that Taiwan and Singapore have begun talks on a free trade agreement, which both sides are looking to complete within one year.
Taiwan Brings Forward Luxury Tax
5/24/2011
The Ministry of Finance has announced that the Selective Goods and Services Sales Tax Act, which establishes Taiwan’s new luxury taxes targeted at reducing speculative property purchases and a widening wealth gap in the economy, are to take effect earlier than originally expected on June 1.
US Returns To Top Of World Competitiveness Rankings
5/20/2011
The Swiss business school, IMD, has announced the rankings from its 2011 World Competitiveness Yearbook, which places the United States and Hong Kong as the most competitive countries.
Irish Tax Credits Remain Attractive
5/10/2011
Seán Sherlock, Ireland's Minister for Research and Innovation has commented on a new survey which analyses trends in the uptake of the Irish government's Research and Development tax credit.
APEC Business Leaders Call For Free Trade Deal
5/3/2011
The APEC Business Advisory Council, formed of business leaders from the 21 economies of the Asia-Pacific Economic Cooperation have recommended, during a recent meeting in Seoul, that concrete steps should be taken to realise a Free Trade Area of the Asia-Pacific.
Taiwan's Government Approves Luxury Tax
3/11/2011
Taiwan’s government has approved the imposition of a new tax on speculative property transactions, as well as on luxury items, in the second half of 2011.
Taiwan, India Begin FTA Feasibility Study
3/10/2011
India's Foreign Secretary Nirupama Rao has disclosed that Taiwan and India are to undertake a non-official feasibility study into a proposed bilateral free trade agreement, after which it would be decided whether to begin official negotiations.
Taipei To Introduce 'Luxury Residence' Tax
1/17/2011
Property owners that have 'luxury residences' in Taipei are to be levied with additional real-estate taxation, according to a decision taken by the city’s government.
France, Taiwan Sign DTA
1/4/2011
Taiwan’s Ministry of Foreign Affairs and its Ministry of Finance announced that, on December 24, Taiwan signed a double taxation agreement with France, which has already taken effect.
Taiwan, China ECFA Reduced Tariffs Take Effect
1/4/2011
The 'early harvest' list of import tariff reductions under the economic cooperation framework agreement between Taiwan and China, which came into effect in September last year after a long negotiation period, began on January 1.
Taiwan's FTA Strategy Under Discussion
12/28/2010
There have been questions in parliament as to the efficacy of Taiwan’s free trade agreement strategy following the signing in June this year of the Economic Cooperation Framework Agreement with China.
China Introduces Overseas Tourists Tax Refund
12/28/2010
China’s Ministry of Finance has disclosed that foreign visitors to Hainan will benefit from a tax refund on goods purchased on the island, with effect from January 1, 2011.
Singapore, Taiwan To Start Trade Talks
12/17/2010
Following the completion of favourable feasibility studies by both countries, it has been announced that Taiwan and Singapore will hold negotiations on the possible completion of an economic partnership agreement early next year.
Taiwan Looking To Tax Speculative Property Deals
12/6/2010
Lee Ching-hua, the chief secretary at the Ministry of Finance, has disclosed that the Taiwanese government is contemplating levying a special property tax, to counteract the risk of a real estate price bubble in the country’s cities.
AIT Calls For Clean Slate On US-Taiwan TIFA
12/6/2010
The American Institute in Taiwan’s Chairman, Raymond F. Burghardt, in a recent speech to the American Chamber of Commerce in Taipei, said that, while Taiwan is one of the United States’ most important economic partners, and closer economic relations are in the interest of both countries, the present beef controversy should not be allowed to become an obstacle to re-booting their bilateral Trade and Investment Framework Agreement.
Hong Kong Pushes International Arbitration Centre
11/19/2010
At a luncheon arranged by the Hong Kong International Arbitration Centre, the Secretary for Justice, Wong Yan Lung, confirmed that the government is committed to the development of arbitration in Hong Kong.
Taiwan Makes Moves Against Hot Money
11/15/2010
Taiwan is making further moves to try and counteract the effect of the inflows of foreign speculative funds, or ‘hot money’, into the country which are suspected to be made for currency speculation, rather than for long-term investment purposes.
APEC Commits To Free Trade
11/12/2010
Trade and foreign ministers of the 21 Asia-Pacific Economic Cooperation member nations recommended the extension of the commitment to a standstill on new trade and investment barriers until the end of 2013, and confirmed that concrete steps should be taken to realise a Free Trade Area of the Asia-Pacific.
EFCA Opens Investment Opportunities In China
11/8/2010
Influential figures from the financial services industry in the Far East have discussed the importance of the Economic Co-operation Framework Agreement between China and Taiwan.
SMX And TAIFEX Sign MOU
Singapore Mercantile Exchange, the commodity and currency derivatives exchange, and the Taiwan Futures Exchange, Taiwan’s futures and options exchange, have signed a memorandum of understanding.
ECCT Promotes Taiwan-EU FTA
10/21/2010
The European Chamber of Commerce Taipei, in a recent paper, has said that, while recent developments have helped to improve Taiwan’s economic prospects, the lack of a free trade agreement with major trading partners, such as the European Union, is one of the factors holding Taiwan back from greater prosperity.
Taiwan To Close Land Tax Loophole
10/15/2010
In an attempt to control the rise in property prices by providing a disincentive for landowners to keep land undeveloped, Taiwan's government is proposing to reduce certain exemptions from the land value tax.
Taiwan, US To Resume TIFA Talks
10/4/2010
At the end of last month, a United States delegation visited Taipei for meetings with the Taiwanese government to discuss economic issues, including how to broaden and deepen their bilateral trade and economic relationship under the existing bilateral trade and investment framework agreement.
APEC Officials Focus On Free Trade
9/29/2010
Asia-Pacific Economic Cooperation officials met recently in Japan to discuss key reports and recommendations on enhancing regional trade and economic integration that will be submitted to leaders and ministers of its member economies when they meet in November this year.
Taiwan-China ECFA Takes Effect
9/13/2010
The economic cooperation framework agreement between Taiwan and China came into effect on September 12, one day after both sides confirmed that all necessary domestic procedures had been concluded.
Singapore Leader Favours Taiwan FTA
9/10/2010
Singapore's Prime Minister, Lee Hsien Loong, in interviews, has said that he believes that the signing of a free trade agreement between Singapore and Taiwan would quickly lead to similar agreements between Taiwan and other countries within the Association of South-east Asian Nations.
Asian Countries Ranked For IPR Protection
8/31/2010
A survey of almost 1,300 expatriate corporate managers by the Hong Kong-based research group, Political and Economic Risk Consultancy, found that Singapore is considered to be the best country in Asia, and Indonesia the worst, at protecting intellectual property rights.
Taiwan's Legislature Approves ECFA With China
8/18/2010
After the previous long negotiation process and its signing on June 29 this year, the economic cooperation framework agreement between Taiwan and China has been approved by the former’s parliament on August 17.
Taiwan Talks To US And EU On WTO Threat
8/12/2010
Taiwan’s government is in communication with the United States and the European Union in order to head off threatened action at the World Trade Organisation regarding its planned reduction in the tax rate on rice wine.
China Softens Attitude To Taiwan FTAs
8/12/2010
The Office of Taiwan’s President Ma Ying-jeou has expressed pleasure that China has not interfered following the disclosure earlier this month of discussions between Taiwan and Singapore on signing an economic cooperation agreement.
Taiwan To Negotiate FTA With Singapore
8/5/2010
It has been announced that Taiwan and Singapore will initiate talks later this year on the feasibility of signing a bilateral economic cooperation agreement under the framework of the World Trade Organization.
Asia Gains In Digital Economy Rankings
7/13/2010
The Economist Intelligence Unit has released its Digital Economy Rankings for 2010, which find that, despite Europe maintaining top position in terms of Internet infrastructure and adoption, recent investment has dramatically improved the Asia-Pacific region's e-readiness.
Taiwan, China Agree ECFA Terms
6/25/2010
Their proposed economic cooperation framework agreement is ready for signing after Taiwan and China concluded final details of the ‘early harvest’ lists of products eligible for lower tariffs.
Taiwan, China Trade Tensions Rise
6/10/2010
Negotiations to improve trade cooperation between China and Taiwan could be undermined following comments from a Chinese official who, on June 8, underscored the administration’s ‘resolute opposition' to Taiwan’s ambitions to enter into further trade pacts with its other trade partners in the Asia-Pacific region.
Taiwan Unblocks Air Agreement Revenues
6/9/2010
The Taiwan legislative Yuan has given legal substance to a 2009 transport agreement between China and Taiwan with an appropriate amendment, in order to unblock funds held in China.
Report Considers Asian Tax Complexity
6/8/2010
Business opportunity remains an important consideration when it comes to choosing priority business locations in Asia, despite fears of rising tax complexity in the region, according to a new study.
APEC Commits To Regional Free Trade
6/7/2010
In a statement issued after the close of two-day talks in Sapporo, Japan, Asia-Pacific Economic Cooperation trade ministers announced progress in achieving their goals of free and open trade, and in advancing regional economic integration, including exploring possible pathways to a Free Trade Area of the Asia Pacific.
Taiwan-China ECFA Faces Delay
6/3/2010
There have been conflicting reports in recent days on the state of the negotiations between China and Taiwan on the proposed economic cooperation framework agreement.
Philippines To Look At FTA With Taiwan
6/3/2010
The Philippines’ Trade Secretary, Jesli Lapus, has disclosed that the Philippines and Taiwan will discuss a possible bilateral free trade agreement on the fringes of the Asia-Pacific Cooperation meetings of June 5 and 6.
APEC To Explore Asia-PAC Free Trade Area
6/2/2010
As trade ministers from the Asia-Pacific Economic Cooperation group prepare for their annual meeting on June 5 and 6, its Business Advisory Council has delivered a set of recommendations, including the creation of an Asia-Pacific free trade area.
Taiwan Cuts Corporate Tax Rate
6/2/2010
Taiwan’s parliament has finally passed the much-delayed reduction in corporate income tax from 20% to 17%, which had originally been proposed in the Industrial Innovation Bill earlier this year.
Taiwanese Teachers, Soldiers To Lose Tax Breaks
5/12/2010
An amendment bill which, if passed into law, could remove the income tax exemptions currently in place for the country's teachers and military servicemen has made progress through the Taiwanese parliament’s finance committee.
Taiwan Looks For ECFA With China In June
5/10/2010
Taiwan’s Premier, Wu Den-yih, has said that the proposed economic cooperation framework agreement with China could be signed during the first half of June this year, depending on the outcome of the next two rounds of negotiations planned for this month.
Taiwan Publishes List Of Tax Debtors
5/5/2010
Taiwan’s Ministry of Finance has published a first list of taxpayers, both individuals and companies, who are said to owe the largest amounts of back taxes to the Inland Revenue Department.
Taiwan And Hungary Sign DTA
4/23/2010
On April 19, an agreement for the avoidance of double taxation was signed between Taiwan and Hungary, and is planned to come into force from January 1, 2011.
China, Taiwan Make Progress On ECFA
4/6/2010
Despite the fact that Taiwan and China’s ‘early harvest’ lists of goods and services eligible for lower tariffs in the proposed economic cooperation framework agreement were not exchanged, significant progress was said to have been made in the second round of formal talks between the two sides, which ended on April 1.
Taiwan Delays Progressive Property Tax
4/1/2010
The implementation of a plan to make the current housing tax progressive, which was to have been part of an effort to redistribute the tax burden in Taiwan, has been delayed by the government.
Taiwan To Expose Tax Debtors
3/26/2010
Taiwan parliament’s finance committee has approved a proposal that the Ministry of Finance, at regular intervals, should publish the names of people and companies who owe large amounts of unpaid taxes.
Taiwan-China ECFA On Course
3/18/2010
The Taiwanese government hopes to sign the proposed economic cooperation framework agreement with China in June this year, following the exchange of ‘early harvest’ lists of products eligible for lower tariffs.
Taiwan To Introduce Progressive Housing Tax
3/16/2010
As part of an effort to cool a speculative boom in property prices in Taiwan, the Ministry of Finance proposes to make the current housing tax progressive, by replacing the current uniform rate of with several levels of tax, dependent on value.
Taiwan To Change Its Maritime Transport Taxation
2/15/2010
Taiwan’s government has approved a provision within the income tax law that would allow shipping companies engaged in international maritime transportation to change the basis of their taxation.

 

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