The Legislative Yuan today passed an amendment extending tax breaks for energy-efficient appliances until Dec. 31, 2029, four days before they were due to expire.
Article 11-1 of the Commodity Tax Act (貨物稅條例) reduces taxes on new energy-efficient refrigerators, air-conditioners and dehumidifiers by NT$2,000 per unit.
The reduction was set to expire on Saturday, before lawmakers passed the amendment to keep it in effect.
Photo: CNA
The act only applies to new appliances that are classified as first or second-level energy efficiency by the Ministry of Economic Affairs.
The Executive Yuan in its version of the amendment approved on May 1 extended the NT$2,000 tax break by two more years to Dec. 31, 2027, with an optional two-year extension depending on its results.
At the time, Premier Cho Jung-tai (卓榮泰) said the amendment would move the nation closer to its net-zero emissions goal for 2050, increase the availability of energy-saving appliances and move the industry forward.
Lawmakers subsequently passed the amendment, foregoing the option of the two-year extension to keep the tax reduction in effect for more than four years until Dec. 31, 2029.
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