Chinese Nationalist Party (KMT) Legislator Chang Hsien-yao (張顯耀) said yesterday that he planned to launch a proposal that would allow taxpayers to list tickets to sports events as tax deductible.
“I have used examples in the US and Europe as a reference. Tickets to sports games are deductible in other countries,” Chang told reporters.
“The regulation could help boost secondary consumption in the sports industry, which is estimated to be at least US$50 billion. This will help promote sports events in Taiwan,” he said.
In accordance with Chang’s plan, taxpayers, their spouses and their dependents would enjoy a maximum NT$10,000 sports events deductible quota per individual when reporting their income tax.
Chang’s proposal was among several tax deduction plans proposed by lawmakers and the government recently.
On March 25, KMT Legislator Lai Shyh-bao (賴士葆) of the Finance Committee proposed introducing an NT$30,000 per individual consumption deduction regulation to the Income Tax Act (所得稅法).
Lai said at the time that the nation’s tax revenue would only decrease by NT$5.8 billion (US$175,000) through his proposal.
The Council for Cultural Affairs (CCA) also proposed the idea of allowing taxpayers to deduct expenditure on tickets to art events — a maximum of NT$12,000 per person — from their annual tax reports.
The proposal was seen as an incentive to encourage the public to participate in arts events and boost the art sector.
The CCA’s plan had met with opposition from the Ministry of Finance, which said the nation’s tax revenue could drop by NT$6.5 billion should the plan be approved.
When approached for comment in Taoyuan, Executive Yuan Spokesman Su Jun-pin (蘇俊賓) emphasized the need to thoroughly consider the effect on the nation’s coffers.
“[We should consider] whether [Chang’s proposal] would really help boost the [sports] industry and whether it would deal a blow to the nation’s finances,” he said.
Death row inmate Huang Lin-kai (黃麟凱), who was convicted for the double murder of his former girlfriend and her mother, is to be executed at the Taipei Detention Center tonight, the Ministry of Justice announced. Huang, who was a military conscript at the time, was convicted for the rape and murder of his ex-girlfriend, surnamed Wang (王), and the murder of her mother, after breaking into their home on Oct. 1, 2013. Prosecutors cited anger over the breakup and a dispute about money as the motives behind the double homicide. This is the first time that Minister of Justice Cheng Ming-chien (鄭銘謙) has
BITTERLY COLD: The inauguration ceremony for US president-elect Donald Trump has been moved indoors due to cold weather, with the new venue lacking capacity A delegation of cross-party lawmakers from Taiwan, led by Legislative Speaker Han Kuo-yu (韓國瑜), for the inauguration of US president-elect Donald Trump, would not be able to attend the ceremony, as it is being moved indoors due to forecasts of intense cold weather in Washington tomorrow. The inauguration ceremony for Trump and US vice president-elect JD Vance is to be held inside the Capitol Rotunda, which has a capacity of about 2,000 people. A person familiar with the issue yesterday said although the outdoor inauguration ceremony has been relocated, Taiwan’s legislative delegation has decided to head off to Washington as scheduled. The delegation
TRANSPORT CONVENIENCE: The new ticket gates would accept a variety of mobile payment methods, and buses would be installed with QR code readers for ease of use New ticketing gates for the Taipei metro system are expected to begin service in October, allowing users to swipe with cellphones and select credit cards partnered with Taipei Rapid Transit Corp (TRTC), the company said on Tuesday. TRTC said its gates in use are experiencing difficulty due to their age, as they were first installed in 2007. Maintenance is increasingly expensive and challenging as the manufacturing of components is halted or becoming harder to find, the company said. Currently, the gates only accept EasyCard, iPass and electronic icash tickets, or one-time-use tickets purchased at kiosks, the company said. Since 2023, the company said it
Another wave of cold air would affect Taiwan starting from Friday and could evolve into a continental cold mass, the Central Weather Administration (CWA) said yesterday. Temperatures could drop below 10°C across Taiwan on Monday and Tuesday next week, CWA forecaster Chang Chun-yao (張竣堯) said. Seasonal northeasterly winds could bring rain, he said. Meanwhile, due to the continental cold mass and radiative cooling, it would be cold in northern and northeastern Taiwan today and tomorrow, according to the CWA. From last night to this morning, temperatures could drop below 10°C in northern Taiwan, it said. A thin coat of snow
RSS