Government Support for Businesses Affected by Typhoon Gaemi
Last week, Typhoon Gaemi, struck Taiwan, resulting in severe flooding across numerous regions. In response to the widespread damage, the government has introduced several support measures to assist affected businesses. The following outlines the available assistance:
Tax Bureau support:
Companies impacted by the disaster can apply for tax deductions. To be qualified, businesses shall submit photographs and property purchase documents within 30 days.
National Property Administration support:
-Rental fee discounts for affected properties.
-Permission for maintenance work on buildings on government-owned property.
-Suspension of overdue rental fees.
Customs Support:
-Exemption from duties for damaged zero-value imported goods.
-Duty-free and expedited processing for emergency supplies.
-Cancellation of duties for damaged bonded goods.
-Extension of the tax offset/refund period for export goods to one year.
These measures are designed to alleviate the financial burden on businesses and support their recovery efforts in the wake of the typhoon. For further details and assistance, businesses are encouraged to contact the relevant government agencies.
