VAT imposed on imported soybeans, wheat, and corn will be reduced to 0 in Taiwan
Regulation & Compliances
Market & Price Trends
Published Mar 6, 2022
To stabilize prices, the Executive Yuan announced that from 7 February to 30 April, the VAT on imported soybeans, wheat, and corn would be reduced to 0. Government calls on the industry to reflect the benefits of tax reduction in the selling price and works to stabilize the expense of people's livelihood.