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Taiwan Issues Notice on Tax Refund for Replacement of Vehicles

16 August 2019

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Approved Changes

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Taiwan

Taiwan's National Taxation Bureau of the Central Area issued on 13 August 2019 a notice on the tax refund for the replacement of old vehicles to reduce air pollution. --- For Profit-Seeking Enterprises Scrapping Old Large Vehicles and Buying New Ones, the Commodity Tax Refund for the New Vehicles Should be Included in the Income Tax Return of the Acquisition Year. (Taichung News) The National Taxation Bureau of the Central Area, (NTBCA) said that in order to speed up the replacement of old large vehicles in order to prevent air pollution, the Government has amended Article 12-6 of the Commodity...