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Taiwan Provides Tax and Tariff Reductions in Light of Increased Oil and Raw Material Prices

|Approved Changes|Taiwan
Taiwan

Taiwan's Ministry of Finance has issued a notice announcing that due to recent increases in oil and raw material prices, the Executive Yuan (Cabinet) has approved a reduction in excise (commodity) taxes and import tariffs on several goods. This includes a reduction in excise taxes on gasoline, diesel, and cement, and the reduction of import tariffs on 22 items, including beef, wheat, baking mi…

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