Ministry of Finance: Authorizing Local Governments to Suspend Collection of Taxes on Dance Halls and Other Items Contributes to Economic Growth
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Taiwan's Ministry of Finance announced that the Legislative Yuan has passed the amendment to parts of the Entertainment Tax Act. This grants local governments the authority to suspend the collection of taxes on dance halls, golf courses, and other taxable items, which is expected to contribute to the prosperity of surrounding industries, promote local tourism development, and foster economic growth. Additionally, entertainment items for arts and cultural activities and competitive sports have been removed from taxation.