China News Service, December 1st, according to Taiwan's "Central News Agency", in order to speed up the scrapping of old large diesel vehicles, improve air quality, and increase the willingness of car owners to replace them, Taiwan's administrative department passed the draft amendment to the "Goods Tax Regulations" on December 1st. It is proposed to extend the excise tax reduction for large diesel vehicles for 4 years until the end of 2026; the draft will be sent to the legislative department for review.
The press release of Taiwan’s financial department pointed out that from August 18, 2017 to December 31, 2022, those who scrapped various large diesel vehicles from the first to third phases, and purchased new large vehicles and completed the registration of new licenses, will be charged every month. The maximum tax reduction for vehicles is 400,000 yuan (NT dollars, the same below); as of the end of October this year, 39,475 vehicles were applicable, and the tax reduction amount was 10 billion yuan.
However, the financial department said that according to the estimates of the "Environmental Protection Agency", by the end of the year, there are still about 78,000 old large diesel vehicles from the first phase to the third phase that have not been replaced. The draft amendment to the Tax Regulations extends the reduction of excise tax on the purchase of new large vehicles for 4 years until December 31, 2026.