The deadline for filing tax returns for last year and making payments has been extended by a month, to June 30, in part to prevent crowding at National Taxation Bureau offices amid a COVID-19 outbreak, the Ministry of Finance said on Wednesday.
The extension applies to individual and business filings, it added.
The ministry made the announcement hours after Minister of Health and Welfare Chen Shih-chung (陳時中) said that the Central Epidemic Command Center (CECC) might raise the domestic COVID-19 warning to a near-lockdown level over the next few days.
Photo: Hung Mei-hsiu, Taipei Times
If the domestic warning is raised from level 2 to level 3, indoor gatherings of more than five people and outdoor gatherings of more than 10 people would be prohibited, said Chen, who head’s the CECC.
If the alert level is raised, people would not be able to file their tax returns in person, so the deadline needed to be pushed back from May 31 to June 30, the ministry said.
The extension would hopefully help to prevent crowding at tax offices across the nation, the ministry said, encouraging people to file their returns online.
However, the June 30 deadline does not apply to property taxes, which people are encouraged to pay online after receiving their bill from the tax bureau, the ministry said.
As of Sunday, more than 2 million people, or about 30 percent of the nation’s taxpayers, had filed their returns, ministry data showed.
Last year, the ministry also extended the tax deadline due to the COVID-19 pandemic.
Jensen Huang (黃仁勳), founder and CEO of US-based artificial intelligence chip designer Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday celebrated the first Nvidia Blackwell wafer produced on US soil. Huang visited TSMC’s advanced wafer fab in the US state of Arizona and joined the Taiwanese chipmaker’s executives to witness the efforts to “build the infrastructure that powers the world’s AI factories, right here in America,” Nvidia said in a statement. At the event, Huang joined Y.L. Wang (王英郎), vice president of operations at TSMC, in signing their names on the Blackwell wafer to
AI BOOST: Although Taiwan’s reliance on Chinese rare earth elements is limited, it could face indirect impacts from supply issues and price volatility, an economist said DBS Bank Ltd (星展銀行) has sharply raised its forecast for Taiwan’s economic growth this year to 5.6 percent, citing stronger-than-expected exports and investment linked to artificial intelligence (AI), as it said that the current momentum could peak soon. The acceleration of the global AI race has fueled a surge in Taiwan’s AI-related capital spending and exports of information and communications technology (ICT) products, which have been key drivers of growth this year. “We have revised our GDP forecast for Taiwan upward to 5.6 percent from 4 percent, an upgrade that mainly reflects stronger-than-expected AI-related exports and investment in the third
RARE EARTHS: The call between the US Treasury Secretary and his Chinese counterpart came as Washington sought to rally G7 partners in response to China’s export controls China and the US on Saturday agreed to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle. Beijing last week announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation. Trump had also threatened to cancel his expected meeting with Chinese President Xi Jinping (習近平) in South Korea later this month on the sidelines of the APEC summit. In the latest indication of efforts to resolve their dispute, Chinese state media reported that
CHINESE EXPORT CURBS: A dispute between China and the Netherlands could halt chip supply, affecting vehicle production, US and European auto associations said Groups representing major automakers late on Thursday warned that a chip disruption stemming from a dispute between China and the Dutch government could quickly affect US auto production. Automakers and their suppliers received notice from chipmaker Nexperia (安世半導體) last week that it could no longer guarantee delivery of its chips, the European Automobile Manufacturers Association said, adding that manufacturing could be significantly disrupted. In the US, the Alliance for Automotive Innovation, which represents General Motors, Toyota, Ford, Volkswagen, Hyundai and nearly all other major automakers, urged a quick resolution. “If the shipment of automotive chips doesn’t resume — quickly — it’s going to