A tax incentive package to encourage purchases of energy-efficient home appliances that is set to expire on June 14 would be extended by an additional two years, the Ministry of Finance (MOF) said yesterday.
The ministry has proposed a draft amendment to the Commodity Tax Act (貨物稅條例) that would extend the tax breaks on select energy-saving appliances until June 14, 2023.
Article 11-1 of the act stipulates that a commodity tax cut of up to NT$2,000 (US$70.58) would be given for purchases of new refrigerators, air conditioners or dehumidifiers that meet either Level 1 or 2 energy-saving standard specified under the Bureau of Energy’s energy-efficiency rating program from June 15, 2019, to June 14 this year.
Photo: Wu Pei-hua, Taipei Times
The incentive has contributed greatly to energy savings and carbon emissions reduction, while reducing electricity bills for consumers, the ministry said.
The draft amendment is subject to a 20-day public comment period starting yesterday, it added.
Ministry of Economic Affairs statistics showed that 10 years or older air conditioners and refrigerators account for 42.72 percent of those used in homes in Taiwan, prompting the finance ministry to propose extending the incentive.
As of the end of last year, 2.657 million applications for tax deductions had been filed, which translates into NT$4.47 billion in tax rebates, finance ministry statistics showed.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
POWERING UP: PSUs for AI servers made up about 50% of Delta’s total server PSU revenue during the first three quarters of last year, the company said Power supply and electronic components maker Delta Electronics Inc (台達電) reported record-high revenue of NT$161.61 billion (US$5.11 billion) for last quarter and said it remains positive about this quarter. Last quarter’s figure was up 7.6 percent from the previous quarter and 41.51 percent higher than a year earlier, and largely in line with Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$160 billion. Delta’s annual revenue last year rose 31.76 percent year-on-year to NT$554.89 billion, also a record high for the company. Its strong performance reflected continued demand for high-performance power solutions and advanced liquid-cooling products used in artificial intelligence (AI) data centers,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
RSS