- Published on
Taiwan’s central government has made available Covid Relief Programs for many businesses
As COVID 19 started to spread in Taiwan, naturally there is a significant impact on the country's economy. Aiming at alleviate the impacts of the pandemic to the country's business economy, the Taiwan government has made available covid relief programs
Program 1: Deferral of payroll taxes for 6 months interest free
Eligibility: All companies (Taiwanese company or branch of a foreign company, no rep office)
Program 2: Subsidy/Grants
The relief funds are being managed by 4 agencies:
1. Education 教育部
2. Business Services (MOEA) 商業服務類
3. Technology Services: 技術服務業
4. Events: 展覽服務業
Eligibility: Taiwanese company or branch of a foreign company, no rep office
Application: Open (Started June 7, 2021)
Deadline: Earlier of Aug 31, 2021 or until the funding runs out
Eligibility for aid:
- Will vary depending on industry
Aid:
- A subsidy to the employer for each Taiwan national employee still on payroll, amount will vary depending on industry
**By our estimates, it works out to a potential subsidy of NTD 40k per employee in the Business Services’ category, the largest category of the four industries targeted for aid
Program 1: Deferral of payroll taxes for 6 months interest free
Eligibility: All companies (Taiwanese company or branch of a foreign company, no rep office)
Program 2: Subsidy/Grants
The relief funds are being managed by 4 agencies:
1. Education 教育部
2. Business Services (MOEA) 商業服務類
3. Technology Services: 技術服務業
4. Events: 展覽服務業
Eligibility: Taiwanese company or branch of a foreign company, no rep office
Application: Open (Started June 7, 2021)
Deadline: Earlier of Aug 31, 2021 or until the funding runs out
Eligibility for aid:
- Will vary depending on industry
Aid:
- A subsidy to the employer for each Taiwan national employee still on payroll, amount will vary depending on industry
**By our estimates, it works out to a potential subsidy of NTD 40k per employee in the Business Services’ category, the largest category of the four industries targeted for aid
0 Comments