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Taiwan To Renew Tax Breaks For Electric Cars

by Mary Swire, Tax-News.com, Hong Kong

31 October 2017


Taiwan has tabled legislation to renew tax incentives to encourage the use of electric vehicles.

In a bid to encourage taxpayers to switch to environmentally friendly fuel sources, Taiwan offered incentives in 2012 to exempt those who purchased electricity-powered vehicles from vehicle license tax, due annually for vehicles used for private use and biannually for commercial use.

Legislation was tabled before the Legislative Yuan on October 30 to extend the tax waiver, set to expire in January 2018, until December 31, 2021.

It also proposes an exemption for electric motorcycles and scooters for four years beginning January 1, 2018.

TAGS: environment | Finance | tax | tax incentives | Taiwan | legislation | Tax

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