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26 September 2021 The on-line newspaper devoted to the world of transports 06:08 GMT+2

April 10, 2009

Cabinet passes measures on free ports and airports

By Shih Hsiu-chuan
Taipei Times Staff Reporter

The Cabinet yesterday approved an amendment to the Act for the Establishment and Management of Free Ports that would grant foreign companies income tax exemption, in a bid to attract multinational logistics enterprises.
Draft article 29 of the amendment states that a foreign enterprise or its branch registered in the country, which - by itself or entrusting a company in the free port - engages in storage or simple reprocessing and makes delivery of the foreign company's products to customers abroad shall be exempted from business income tax ......
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