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To revitalize the export trade and economy, Taiwan's Ministry of Economic Affairs introduced a short-term programs to stimulate exports, intend to implement measures of export tax rebate. Goods which tariff rates more than 4.3% can be a tax rebate now. In future there will be relaxed for unlimited, no longer set the threshold. If comply with tax conditions, you can apply for tax refund. Chemical, electrical products and other industries will benefited. There are at least 435 million Yuan industry tax refund interests every year. The tax rebate is commonly used in many countries which aim to reduce the production costs of manufacturers, and increase products’ competitiveness. It contribute to the development of economy, and help expanding export trade. Since Taiwan Republic of China for 44 years, Taiwan has had a tax rebate mechanism. The relevant provisions indicate that the import taxes of materials which used for processing foreign sales goods, can be refunded after the export of finished products. Taiwan's Ministry of Finance said that the export industry most dependent on imports of raw materials and processing for export, many key components imported from abroad. To help the industry cope with the world market’s competition, the Treasury hopes to expand the scope of application of the export tax rebate. The short-term solution for Taiwan's Ministry of Economic Affairs, proposed foreign sales to restore full product export tax rebates measures, the goods that current tariff rate of 4.3% or more, will relax to unlimited. The Medium-term plan, focus on promoting foreign trade output, further extension the emerging markets, such as Burma, Cambodia and Laos. And the long-term measures, is to transform industrial structure, then encourage a new round of economic development. Expand export tax rebate, the first proposed by the ministry during financial tsunami in 2008. According to the free trade agreement (FTA) took effect between Korea and America, Taiwan's export products were in threat. Taiwan financial expand exports tax rebate again at range from 4.3% or more has been carried out for almost 1 year, and goods more than 1200 items. This time for stimulating exports will fully relax. Benefited including chemical industry, electrical and electronic products and parts, plastic and plastic products, textile and textile products, precision instrument, metal products and automobile parts, etc.
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electrical and electronic products and parts, textile and textile products, automobile parts,
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