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Taiwan, Kansas sign MOU on driver’s license reciprocity

TAIPEI: Taiwan and the U.S. state of Kansas signed a memorandum of understanding (MOU) on driver’s license reciprocity on Friday that allows license-holders from either side to obtain a local license without having to take local tests, Taiwan’s representative office in Denver said Friday. The MOU, which went into effect immediately, makes Kansas the 24th state in the U.S. that ... Read More »

Taiwan, EU seek cooperation in online IPR protection

BRUSSELS: Taiwan and the European Union (EU) have set sights on cooperating in online intellectual property rights (IPR) protection, Vice Minister of Economic Affairs Wang Mei-hua said Friday. Wang, who has just completed a Taiwan-EU economic and trade consultation conference in Brussels, said that EU officials attending the meeting have praised Taiwan’s achievements in IPR protection and expressed hope that ... Read More »

Taiwan, Swaziland sign MOU to combat human trafficking

TAIPEI: Taiwan and the Kingdom of Swaziland have signed a memorandum of understanding (MOU) to cooperate on anti-terrorism, immigration affairs and the prevention of human trafficking, Taiwan’s National Immigration Agency (NIA) said. The agreement will enable Taiwan and Swaziland to work closely within the confines of the law to jointly battle the cross-border issues of human trafficking, illegal immigration and ... Read More »

Taiwan Govt cuts down 7.34% electricity price due to falling global crude oil prices

TAIPEI: The Ministry of Economic Affairs cut down 7.34 percent or NT$0.22 (Kwh) electricity price due to the falling global crude oil prices. At the Beginning of next month, electricity rates for households will drop 7.55 percent on average, those for commercial users by an average of 7.36 percent and those for industrial users by an average of 7.31 percent, the ... Read More »

Taiwanese export orders value drops 2.7% in February 2015

TAIPIE: Ministry of Economic Affairs stated that, The Foreign Businesses orders value placed by Taiwanese firms in January and February 2015 downed to 2.7 percent with an amount of $29.89billion.However, the aggregate value of foreign orders received by Taiwanese companies in the January-February period totaled US$68.93 billion, a 3.2 percent increase over the same period of last year. The value ... Read More »

Thailand’s customs officials find 182 tonnes Snowfish from Kunlun ship cargo

BANGKOK: Port of Phuket’s customs officials stated that they have captured, a Kunlun ship recently entered in Phuket’s waters, which declared its cargo to be 182 tones of sea bass. Inspection showed that they were lying, because cargo was full of 182tonnes of Snowfish. After investigation customs authority found sufficient discrepancies in the paperwork of an alleged poaching ship to ... Read More »

Telstra introduces 100G Wavelength Service to cover Japan, Hong Kong, Taiwan, Korea, Australia & US

VICTORIA: The telecommunication company of Australia Telstra has launched new 100Gbps ‘100 G Wavelength service’ connectivity across multiple ultra-long haul submarine cable routes globally. Telstra will accommodate the growth of cloud-based data operators and connect the increasing number of data centres managed by service and content providers. The new 100G Wavelength service will cover Japan, Hong Kong, Taiwan, Korea, Australia ... Read More »

Telstra introduces 100G Wavelength Service to cover Japan, Hong Kong, Taiwan, Korea, Australia & US

VICTORIA: The telecommunication company of Australia Telstra has launched new 100Gbps ‘100 G Wavelength service’ connectivity across multiple ultra-long haul submarine cable routes globally. Telstra will accommodate the growth of cloud-based data operators and connect the increasing number of data centres managed by service and content providers. The new 100G Wavelength service will cover Japan, Hong Kong, Taiwan, Korea, Australia ... Read More »

China to launch tax refund program for tourists

BEIJING: China has broadened a tax refund scheme for overseas visitors to attract tourists and boost domestic consumption. Under the plan, foreign tourists as well as visitors from Hong Kong, Macau and Taiwan who have lived on the mainland for no more than 183 days will be eligible for an 11 percent rebate on consumer goods purchased at designated department ... Read More »

Taiwan leads with 50% share in total aquatic products export in 2014

TAIPEI: About 50% of the total imported aquatic products via Xiamen Port were from Taiwan, followed by Indonesia with 40% and other regions with 10%. According to statistics released, the average aquatic product consumption of Xiamen residents is 35kg per person a year, however, about 80% of seafood sold in Xiamen were imported from other regions. The Tongyi Wharf in ... Read More »

Taiwan’s HTC posts higher than expected Q4 revenue of NT$47.87b in Dec

TAIPEI: Taiwanese smart phone maker HTC Corp reported quarterly sales higher than expected even though its mid-range Desire phones faced brutal competition from Apple Inc.’s new iPhone models over the holiday season. The Taoyuan-based company posted combined revenue of NT$47.87 billion (US$1.49 billion) for the October-December period, beating its estimate of NT$43 billion-NT$47 billion set in late October. Operating profit ... Read More »

Taiwan: New marriage tax policy exempts joint income files for couples   

TAIPEI: Taipei married couples will have the option of calculating their tax liability separately to save money when they file their income tax returns in May, according to an Income Tax Act amendment that was passed in the Legislature Tuesday. Before the amendment, married couples were required to either file their taxes together, or calculate their tax liability on their ... Read More »

Taiwan reduces Imputation Tax Credit to 50%

TAIPIE: To boost revenue, the National Taxation Bureau of Taipei (NTBT) began implementing from 2015, the approved measure that halves the benefit of the full dividend imputation system previously allowed in Taiwan. The full dividend imputation system had allowed for tax on corporate profits to be offset against individual tax liability arising from the receipt by individual resident shareholders of ... Read More »

Xiaomi, Apple, others cleared of violation charges in Taiwanese privacy laws

TAIWAN: Taiwanese regulators cleared on Tuesday China’s Xiaomi Inc and other smartphone brands in case of  breaching local data bulwark laws after national security concerns triggered the regime to launch a probe in September. The National Communications Commission, in a report concluding the investigation, verbally expressed all the 12 brands it had tested, which include handsets sold by Apple Inc, Samsung ... Read More »

Taiwan: Finance minister opposes rising capital gains tax threshold to $31.45m

TAIPEI: Taiwan finance minister Chang Sheng-ford said Wednesday that he sees no need to raise the taxation threshold for a capital gains tax targeting major players in the local stock market. Chang told lawmakers that the current low turnover in the local bourse reflects weak confidence in the market and fears over volatility in global equity markets but has nothing ... Read More »

NZ Customs seizes $22m methampetamine, second biggest smuggling attempt

WALIGTON: The second largest methamphetamine border seizure in New Zealand’s history means a very large quantity of harmful drugs will not make it to New Zealand streets these holidays, says Customs Minister Nicky Wagner. On 5 December, Customs intercepted approximately 22.6 kilograms of methamphetamine, worth over $22 million. The drugs were hidden in the cargo of an international flight that ... Read More »

Taiwan all set to increase airport tax to US$15.86 in April 2015

TAIPEI: Taiwan airport has finally decided to increase the airport tax that has to be impose on the passengers after  Changi Airport in Singapore and Beijing Capital International Airport in China charge over NT$800 (US$25.37) per passenger, while Narita Airport in Japan and Incheon International Airport in South Korea charge around NT$700 (US$22.20). The airport tax departing passengers must pay ... Read More »

Ban on food items causes Taiwan $203.2m loss

TAIPEI: Taiwan suffered a big loss of NT$6.38 billion (US$203.2 million) to food exporters this year due to the ban imposed by the international countries on its food items which accounts for 7.5 percent of the whole year’s food exports. Six countries, all in Asia, imposed bans on select food items from Taiwan before gradually removing them as the government ... Read More »

Taiwan-Austria bilateral ties to boost with double taxation avoidance pact

TAIPEI: Trade and investment between Taiwan and Austria is expected to get a boost when their double taxation avoidance agreement signed earlier this year takes effect next year. The agreement signed in July was passed by the Austrian parliament, according Zhang Ming-zhong, Director General of the Department of European Affairs at Taiwan’s foreign ministry. Taiwan has completed all legal procedures ... Read More »

EU plans to apply anti-dumping duties on China, Taiwan steel products

BRUSSELS: The EU has ordered its customs officials to register imports of stainless steel manufactured in Taiwan and China, underscoring the bloc’s threat to impose tariffs on shipments from both countries. The step is part of inquiries seeking to determine whether Taiwanese and Chinese producers of cold-rolled flat steel products — used in everything from cars and tanks, to boilers ... Read More »