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Taiwan Tariffs and Taxes

Discussion of China Taiwan tariffs and taxes, licensing, intellectual property rights, import regulations, etc.

Taiwan Tariffs and Taxes

Postby bridgat » Sun Nov 16, 2008 1:57 pm

Taiwan’s tariff system is based on the Harmonized Commodity Description and Coding System (HS) of the Customs Co-operation Council. The average tariff rate in 2006 was 5.6%. Agricultural products will have higher rates than non-agricultural products and may be subject to tariff rate quotas. Taiwan comprehensively revised its tariff schedule in 2006, and is continuing unilateral improvement to its tariff structure to meet the World Customs Organization’s revised HS requirements for 2007.

In order to stabilize commodity prices in Taiwan, the Executive Yuan (EY) implemented temporary tariff cuts on seven bulk imports - including wheat, flour, and flour of soybean and corn, and implemented additional temporary measures to cover all other types of durum wheat, tomatoes preserved other than by vinegar or acetic acid, sesames, milk and cream inpowder form, and butter.

All products exported to Taiwan are subject to the Customs Act (Department of Customs Administration) as well as the Enforcement Rules of the Customs Act. The text of these documents is available at the following website, http://eweb.customs.gov.tw/lp.asp?ctNod ... &BaseDSD=7.

Importer Specific Information

The Taiwan government does not require U.S. companies to have a license to export products from the United States to Taiwan. However, certain products exported to Taiwan may only be imported by someone holding an import license. The majority of items in the tariff schedule do not require an import license to import. Examples of products that may require a license and/or further authorization from other Taiwanese government agencies include cosmetics, pharmaceuticals, and medical equipment. The Board of Foreign Trade issues import licenses, if required. It is always a good idea to discuss with the foreign buyer/importer whether they hold an import license (or whether would need to based on the product) to avoid complications upon entry of the product into Taiwan.
bridgat
 
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Re: Taiwan Tariffs and Taxes

Postby bridgat » Tue Dec 16, 2008 1:06 am

TAX: There is a value added tax (VAT) of 5 percent applied on the CIF value. There is also a port charge of 0.5 percent applied on the total CIF+ duty + VAT for shipments by sea.
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