Taiwan Extends Tax Relief on Agricultural Imports

Taiwan has extended tax relief on selected agricultural imports until March 31, 2027. The measures had previously been due to expire at the end of September 2026.

The tax relief will continue for soybeans, corn, and wheat, with a full business tax waiver remaining in place for soybeans. Similar exemptions will remain for corn and wheat imports.

Taiwan has also maintained reduced import duties on several livestock and dairy products. The tariff on butter has been cut from 5% to 2.5%, while the duty on anhydrous milk fat has been reduced from 8% to 4%.

The government aims to contain import costs and reduce the impact of global price volatility on the domestic market, as Taiwan relies heavily on imports of corn, soybeans, wheat, and beef to meet demand.