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Taiwan 5.5% VAT proposal

  • VATLive
  • 07 June 2016 | Richard Asquith

Taiwan 5.5% VAT proposal

The new Taiwanese government has indicated that it is considering a VAT rate rise from 5% to 5.5%.

The increase, with other tax rises, is aimed at funding the rising costs of an ageing population. This mirrors Japan’s recent Consumption Tax rise policy to cope with spiraling social security costs.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.