Taiwan Stimulates Exports: Intends To Fully Restore Export Export Tax Rebates

Taiwan saves the export, feels the sense of revitalization of the economy, the Ministry of economy's short-term stimulus export plan, intends to fully recover.

Tax rebate measures, the current tariff rate of more than 4.3% of goods can be rebate, the future loosening is unlimited, no longer a threshold.

Eligible tax rebates can be applied for tax rebates, and chemical and electrical products will be benefited. The annual tax rebate benefit will be at least 435 million yuan.

Tax rebate is a common preferential measure for countries to develop economy and expand export.

To increase product competitiveness.

Since the 44 year of the Republic of China, Taiwan has set up an export tax rebate mechanism, which stipulates that the import tax on raw materials used for processing export products must be refunded after the export of finished products.

The Ministry of finance of Taiwan said that most of the export businesses relied on imported raw materials for processing and then exported. Many key components were imported from abroad to assist the operators in competition with the world market. The Ministry of finance would like to extend the scope of the export tax rebate.

In the short term, Taiwan's Ministry of economic affairs has proposed a comprehensive recovery of export tax rebate measures, and the current tariff rate of over 4.3% of goods tax rebate will be relaxed without restriction.

In the medium term, we will promote output of the whole plant and further develop new markets, such as Burma, Kampuchea and Laos.

Long term measures should be taken to pform the industrial structure so as to enhance the export of non intermediate goods.

The expansion of export tax rebates was first proposed by the Ministry of finance during the financial tsunami in 2008. Following the threat of the Korea us free trade agreement (FTA) to Taiwan's export products, the Ministry of Finance and finance of Taiwan will further expand the export tax rebate to more than 4.3% of the tax rate, which has been in operation for nearly 1 years and has about 1200 items.

This time, the export will be fully relaxed.

The beneficiaries include chemical, electrical and electronic products and parts, plastic and plastic products.

Precision instruments, metal products and auto parts.