New tax rates to benefit foreigners

Preferential tax rates for owner-occupied homes would benefit 16,000 foreign residents when revisions to the House Tax Act (房屋稅條例) take effect in May next year, the Ministry of Finance said yesterday.

Taiwan sales plunge 17% in August

Taiwan’s new vehicle market plunged by 17% to 29,401 units in August 2024 from 35,434 units in the same month of last year, according to registration data compiled by the Ministry of Transportation.