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Every tax in Taiwan is collected by National Taxation Bureaus (National Taxes) or Tax Collection Offices in special municipalities, counties or cities (Local Taxes).
Taiwan’s utility cost (water, electricity, oil and gas), the rate of environmental costs, telecommunications costs and transportation costs are favorable for investors.
Excellent and low-cost business environments have been provided in industrial parks, technology industrial parks, science parks, agricultural technology parks, environmental science and technology parks, and free trade zones.
Taiwan government has been engaging in deregulation and amending its legal system related to foreign investment, commercial operations and the development of innovative technologies to nurture a better and transparent investment and business environment.
Taiwan has a comprehensive and extensive labor protection system centering on Labor Standards Act, which prescribes minimum standards for working conditions including minimum wages, working hours, holidays, severance pay, etc.
InvesTaiwan has established a systematic land search assistance service which provides various acquisition channels. Find out more detailed information on InvesTaiwan’s land matching service.
The distribution of industrial clusters in Taiwan can generally be broken down into electronics and technology in the north, precision machinery in central regions, and petrochemicals and heavy industry in the south.
As the capital of the Republic of China, Taipei has been at the centre of rapid economic development in the country and has now become one of the global cities in the production of high technology and its components.
Taiwan Business Indicators in August 2023
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