The government will enter into a taxation agreement with China during the upcoming fourth round of cross-strait talks, the Ministry of Finance (MOF) said yesterday.
The proposed agreement, which will follow the guidelines set forth by the Organization for Economic Cooperation and Development and the UN, aims to avoid double taxation and to cover the exchange of taxation information, the ministry said in a statement.
After the agreement is signed, China will have to give up part of its taxation rights or lower its tax rate on Taiwanese businesses operating in China, which will lessen the tax burden on local companies and increase the government’s tax revenues, the ministry said.
The fourth round of talks between Taiwan’s Straits Exchange Foundation and China’s Association for Relations Across the Taiwan Strait takes place this month in Taichung.
Meanwhile, the ministry held an award ceremony yesterday in recognition of local premium alcohol producers.
Eight wineries and other alcohol businesses passed the Quality Alcohol Certification System between this year and last year.
The wine certification system was initiated by the ministry in 2003 to improve the quality and sanitation of domestically produced wine, ensure the rights of consumers and promote the local wine market.
“The [screening] procedure is very strict. A certification mark will only be awarded to a winery that passes the committee’s examination,” Deputy Minister of Finance William Tseng (曾銘宗) said during the ceremony.
The companies that received the certification yesterday were Erlin Winery Co Ltd (二林酒廠), Xinyi Township Farmers’ Association (信義鄉農會), Dahu Wineland Resort (大湖酒莊), Easy Ferment Biotechnology Co Ltd (益智發生物科技), Lu Wine Estate (路葡萄酒莊), Universal Distiller Product Co Ltd (笠宇國際酒業), Jiangnan Alcohol Co (江南酒業) and Taiwushan Alcohol Co (泰武山酒業).
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