By: Bernie Chiu and Kuo Chung-han
Taipei, April 20 (CNA) Electronic machines designed to issue value added tax
(VAT) refunds to foreign visitors will go into operation at nine airports and seven seaports in Taiwan on May 1, Finance Minister Chang Sheng-ford (張盛和) said Wednesday.
The machines will eliminate the need for eligible foreign travelers to queue up at airports or seaports to obtain VAT refunds, the ministry said.
Under Taiwan’s regulations, foreign visitors who spend at least NT$2,000 (US$62) in a single day on purchases at an authorized Tax Refund Shopping (TRS) enterprise are eligible to a 5 percent VAT refund within 30 days of the purchase.
The VAT refund machines will become operational at the start of May at Taoyuan International Airport, Taipei Songshan Airport, Kaohsiung International Airport, and at airports in Hualien and Taitung in the east, Taichung in the central Taiwan, Tainan and Chiayi in the south, and Magong in the offshore Penghu County. [FULL STORY]