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Taiwan Ministry of Finance Notes Reduction of Import Tariffs for Alcohol and Exemption for Masks Due to COVID-19

05 May 2020

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued a release on the approval of a temporary reduction of import tariffs on alcohol and an exemption for masks due to CVOID-19. --- Temporary reduction of tariffs on two products including ingredients of pharmaceutical alcohol and masks implemented for a three-month period from February 27 to May 26, 2020 was approved by the Executive Yuan. Customs Administration of the Ministry of Finance stated that to curb the spread of Coronavirus disease 2019 (COVID-19) and to respond promptly to domestic demand for masks which are staple commodities for epidemic prevention, on February 27, 2020, the...