Taiwan is about to reduce import tax on cashew nuts

Published 2021년 11월 30일

Tridge summary

Taiwan has announced a reduction in the import tax rate for dry, shelled cashews from 16% to 10%, in alignment with industry development policies. This move is aimed at reducing food processing costs, increasing nut product consumption, and improving health and happiness of the people. Vietnam is the largest cashew nut export partner to Taiwan. The country will also reduce tariffs for some imported goods from Belize, Honduras, and Paraguay, and adjust the tax refund filing deadline to encourage the replacement of old large vehicles and diesel.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Illustration Accordingly, in order to synchronize with industry development policies, the import tax rate for "dry, shelled cashews" into Taiwan will be reduced to 10% instead of the tax rate of NT$26.2/kg. or 16% today. The Taiwanese side's announcement also said that this amendment is also to reduce food processing costs, increase consumption of nut products and improve people's health and happiness. According to statistics of the Taiwan Foreign Trade Administration, Vietnam is the largest cashew nut export partner (shelled and unshelled, HS code: 0801) to Taiwan for many years. In addition to Vietnam, Taiwan also imports cashews from other partners such as Indonesia, ...

Source: Vinacas