March 2018
The Statute for Relations with Hong Kong and Macao was amended where maritime and air shipping enterprises may be tax exempt on a reciprocal basis (Taiwan)
2017.12.13
Jenny Chen
The President promulgated Article 29-1 of the Statute for Relationship with Hong Kong and Macao as amended (hereinafter, the "Statute") via the President-Hua-Zhong-One-Yi-10600149531 Directive of December 13, 2017 with the effective date to be set by the Executive Yuan.
Article 29-1 is added to the Statute so that the business tax and income tax on the income or revenue generated by a maritime or air shipping enterprise in Taiwan from Hong Kong or Macao and on the income or revenue generated by a maritime or air shipping enterprise in Hong Kong or Macao from Taiwan shall be mutually exempt on a reciprocal basis. As for the rules for the scope, method, applicable procedures and other relevant matters concerning the tax exemption, they shall be prescribed by the Ministry of Finance pursuant to agreements between Taiwan and Hong Kong or Macao and submitted to the Executive Yuan for approval.
Jenny Chen
The President promulgated Article 29-1 of the Statute for Relationship with Hong Kong and Macao as amended (hereinafter, the "Statute") via the President-Hua-Zhong-One-Yi-10600149531 Directive of December 13, 2017 with the effective date to be set by the Executive Yuan.
Article 29-1 is added to the Statute so that the business tax and income tax on the income or revenue generated by a maritime or air shipping enterprise in Taiwan from Hong Kong or Macao and on the income or revenue generated by a maritime or air shipping enterprise in Hong Kong or Macao from Taiwan shall be mutually exempt on a reciprocal basis. As for the rules for the scope, method, applicable procedures and other relevant matters concerning the tax exemption, they shall be prescribed by the Ministry of Finance pursuant to agreements between Taiwan and Hong Kong or Macao and submitted to the Executive Yuan for approval.
