Short-term relief measures will prevent businesses from shutting down in next six months.

Taiwan News
Date: 2020/03/25
By: George Liao, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — As Taiwan’s COVID-19 cases have escalated in recent days, Taipei City Mayor Ko Wen-je (柯文哲) announced on Wednesday six economic relief measures to respond to the economic slowdown caused by the pandemic.

The mayor's new measures include “time extensions to file tax returns,” “rent reduction,” “price reduction,” “interest rate cuts,” “subsidies,” and “tax cuts,” UDN reported.

Ko said that judging from the evolving situation of COVID-19 around the world, the pandemic will not resolve itself quickly.

The mayor added that the short-term relief measures are being put in place to prevent businesses from shutting down, which would cause a great number of workers to lose their jobs in the next six months. As for a mid-term plan, Ko referred to a multi-billion dollar relief package that the central government is putting forth.    [FULL  STORY]