- The news on the Ministry of Finance website discusses the implementation of a reduced VAT rate on certain goods and services in Taiwan. The reduced rate will apply to items such as food, beverages, and transportation services. This measure is aimed at stimulating domestic consumption and boosting economic growth. Additionally, the government plans to introduce a tax refund scheme for tourists to encourage spending in the country.
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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