Taiwan and China yesterday in the Chinese city of Fuzhou signed two agreements on double taxation avoidance and aviation safety.
The agreements were signed by Straits Exchange Foundation Chairman Lin Join-sane (林中森) and China’s Association for Relations Across the Taiwan Straits Chairman Chen Deming (陳德銘).
The double taxation avoidance agreement is the 29th of its kind to be signed by Taiwan and the 103th to be signed by China.
According to the agreement, any businesses whose places of effective management are in Taiwan will be protected, including those that invest in China via a third territory.
The agreement is based on the principle of non-retroactivity and non-applicability to criminal matters, which is aimed at protecting Taiwanese businesses that might face criminal prosecution for tax evasion in China.
Ministry of Finance officials said that the agreement would not only reduce the tax burden on Taiwanese companies, but would also attract foreign companies to set up operations in Taiwan.
The accord allows foreign companies that have set up subsidiaries in Taiwan to access the Chinese market directly, the officials said, adding that new foreign companies that meet the criteria are also covered by the agreement.
The flight safety agreement allows Taiwanese and Chinese carriers operating cross-strait routes to appoint local maintenance plants to provide safety inspections, maintenance services and airworthiness inspections, officials said.
This would reduce the chances of flight delays and decrease operating costs, officials said.
Airlines will also be allowed to use locally available parts for maintenance purposes, which should help reduce waiting time, they said.
Kenting National Park service technician Yang Jien-fon (楊政峰) won a silver award in World Grand Prix Photography Awards Spring Season for his photograph of two male rat snakes intertwined in combat. Yang’s colleagues at Kenting National Park said he is a master of nature photography who has been held back by his job in civil service. The awards accept entries in all four seasons across six categories: architectural and urban photography, black-and-white and fine art photography, commercial and fashion photography, documentary and people photography, nature and experimental photography, and mobile photography. Awards are ranked according to scores and divided into platinum, gold and
More than half of the bamboo vipers captured in Tainan in the past few years were found in the city’s Sinhua District (新化), while other districts had smaller catches or none at all. Every year, Tainan captures about 6,000 snakes which have made their way into people’s homes. Of the six major venomous snakes in Taiwan, the cobra, the many-banded krait, the brown-spotted pit viper and the bamboo viper are the most frequently captured. The high concentration of bamboo vipers captured in Sinhua District is puzzling. Tainan Agriculture Bureau Forestry and Nature Conservation Division head Chu Chien-ming (朱健明) earlier this week said that the
The first bluefin tuna of the season, brought to shore in Pingtung County and weighing 190kg, was yesterday auctioned for NT$10,600 (US$333.5) per kilogram, setting a record high for the local market. The auction was held at the fish market in Donggang Fishing Harbor, where the Siaoliouciou Island-registered fishing vessel Fu Yu Ching No. 2 delivered the “Pingtung First Tuna” it had caught for bidding. Bidding was intense, and the tuna was ultimately jointly purchased by a local restaurant and a local company for NT$10,600 per kilogram — NT$300 ,more than last year — for a total of NT$2.014 million. The 67-year-old skipper
BREACH OF CONTRACT: The bus operators would seek compensation and have demanded that the manufacturer replace the chips with ones that meet regulations Two bus operators found to be using buses with China-made chips are to demand that the original manufacturers replace the systems and provide compensation for breach of contract, the Veterans Affairs Council said yesterday. Democratic Progressive Party Legislator Michelle Lin (林楚茵) yesterday said that Da Nan Bus Co and Shin-Shin Bus Co Ltd have fielded a total of 82 buses that are using Chinese chips. The bus models were made by Tron-E, while the systems provider was CYE Electronics, Lin said. Lin alleged that the buses were using chips manufactured by Huawei subsidiary HiSilicon Co, which presents a national security risk if the
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