Ministry of Finance Pre-announces New Electric Vehicle Tax Exemption Rules to Alleviate Upfront Payment Pressure
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Taiwan's Ministry of Finance has pre-announced new regulations to alleviate the financial burden of 'pay first, refund later' for electric vehicle businesses, following the extension of EV cargo tax reductions until the end of 2030. The new rules, effective from 2027, will allow manufacturers and importers to apply for tax exemption upon factory release or import, with tax processing after license plate registration.