Taiwan to lower the bar for oversea online tariff from NT$3,000 to NT$2,000
By: Judy Lin, Taiwan News, Staff Writer
TAIPEI (Taiwan News)—Frequent online shoppers beware! Taiwan will roll out a
new tax policy starting this September that will lower the tariff bar for imported goods shipped via oversea express delivery to NT$2,000 (US$66.37).
At the moment imported products purchased online with a value below NT$3,000 are exempt from tariffs, but the government aims to lower tariff bar to NT$2,000 by September.
Taiwan currently does not require online buyers of imported goods to pay tariffs or value-added tax (VAT) , but charges buyers of online domestic goods 5 percent VAT which is unreasonable and unfair to domestic online businesses, said Deputy Minister of Finance Su Jain-rong (蘇建榮). [FULL STORY]