The Ministry of Finance yesterday extended the deadline for filing tax returns for all taxpayers by one month to help reduce the tax burden on people and businesses amid the fallout from the US’ new tariff policy.
The extension of the deadline from May 31 to June 30, based on Article 10 of the Tax Collection Act (稅捐稽徵法), came after Premier Cho Jung-tai (卓榮泰) on Thursday last week asked the ministry to consider an extension.
US President Donald Trump on April 2 had unveiled his “reciprocal” tariffs on trading partners, including Taiwan, but later announced he would pause them for 90 days. However, the US’ baseline tariff of 10 percent on all imports remains in place.
Photo: CNA
“Considering the impact of the US’ reciprocal tariff policy on Taiwan’s economy, the ministry decided to extend the tax filing deadline to June 30 in order to give businesses and the public sufficient time to respond,” the ministry said in a statement.
During the COVID-19 pandemic from 2020 to 2022, the ministry also extended the tax filing deadline by one month to reduce the risk of cluster infections, as people tend to crowd National Taxation Bureau offices to file their tax returns.
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