|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Taipei,China||05||05 - Health and income support||TWD||210,000,000,000||6,969,681,884|
|Taipei,China||05A||05A - Health support||TWD||36,100,000,000||1,198,121,505||EY. https://www.ey.com/en_gl/tax/how-covid-19-is-causing-governments-to-adopt-economic-stimulus--; https://bit.ly/2A2ytcS; https://bit.ly/3cjQfGU; https://bit.ly/2YMAO66 (all accessed 8 May 2020).||
(i) February 25, Taipei,China's authorities passed the statute for prevention and rehabilitation of severe infectious pneumonia (the Statute). The Statute, which was enacted accordingly, is in response to the recent COVID-19 outbreak and aims to alleviate its impact on the domestic economy and society. The budget connected with the statute is TWD60 billion (approximately USD2 billion); April: (ii) The approved budget connected with the Statute is now TWD210 billion (approximately USD7 billion); (iii) Of the TWD60 billion budget, the authorities will spend TWD19.6 billion in transforming hospitals into isolation venues, establishing quarantine and testing venues for the virus, requisitioning medical materials and allocating funds as subsidies for schools and the transportation industry to battle the virus contagion; (iv) April 23, The Cabinet allocated the bulk of a special TWD150 billion (USD4.98 billion) budget to revitalizing the domestic economy, which has been hard hit by the COVID-19 coronavirus pandemic. Of the budget, TWD16.5 billion will be used to help fund the country's health response and recovery efforts amid the COVID-19 pandemic; (v) May 8, The authorities has given final approval to the TWD150 billion (USD5.02 billion) special budget to finance measures to support the economy amid the global COVID-19 pandemic.
|Taipei,China||05B||05B - Income support||TWD||173,900,000,000||5,771,560,379||News articles: https://bit.ly/2A2ytcS; https://bit.ly/3cjQfGU (both accessed 8 May 2020); https://bit.ly/2ZPydJn (accessed 27 May 2020); KPMG. https://bit.ly/2LvD7ms (accessed 14 May 2020); Executive Yuan. https://english.ey.gov.tw/Page/61BF20C3E89B856/07dd64bc-5609-426c-bcb0-9aec3aabcab7 (accessed 5 June 2020); Executive Yuan. https://english.ey.gov.tw/Page/61BF20C3E89B856/8e1b262b-fa3f-4074-a76d-23a4fdb06460 (accessed 22 July 2020); Ministry of Finance. https://www.mof.gov.tw/Eng/singlehtml/f48d641f159a4866b1d31c0916fbcc71?cntId=3cb2e39223a147fe85c30b00edd45d27 (accessed 21 August 2020); Overseas Community Affairs Council (OCAC). https://www.ocac.gov.tw/OCAC/Eng/Pages/Detail.aspx?nodeid=329&pid=19559932 (accessed 2 October 2020).||
(i) Under the TWD60 billion budget, the authorities will assign TWD40.4 billion to subsidize a wide range of industrial sectors that have been hit by the COVID-19 spread, such as the service industry, the manufacturing industry, the tourism industry, the transportation industry, the agriculture/fishing industry, and the arts/cultural industry; (ii) Of the TWD150 billion special budget, TWD133.5 billion will go toward helping with the recovery of local businesses and other entities and providing relief to self-employed workers, according to the Directorate General of Budget, Accounting and Statistics (DGBAS); (iii) No amount/estimate: Aiming at alleviating the impact of the coronavirus (COVID-19) pandemic, the authorities introduced several supportive tax measures including (a) deferral of tax payments or by installments for affected enterprises and individuals, (b) extension of tax filing and payment deadline under special circumstances (e.g. quarantine or isolation), and (c) corporate income tax 200% deduction on certain salary expenses; (iv) No amount/estimate: May 27, The Ministry of Transportation and Communications will provide travel subsidies to encourage domestic travel effective July 1. The ministry is planning campaigns that will subsidize the group travel sector to the tune of TWD600–TWD700 (USD20–USD23) per person per day, while the independent travel sector will enjoy a subsidy of TWD1,000 per room per night; (v) No amount/estimate: July 9, The Premier calls for increase in special budget to aid targeted industries; (vi) No amount/estimate: July 15, The authorities announced a "triple stimulus" voucher program that allows people to purchase TWD3,000 (USD100) worth of vouchers for just TWD1,000. By encouraging spending and stimulating the economy, the program will help the economy to turn the crisis into opportunity and safely weather the coronavirus pandemic; (vii) No amount/estimate: August 20, The triple stimulus vouchers people receive are exempt from income tax, and merchants accepting them for the exchange of goods or services should issue uniform invoices in accordance with regulations; (viii) No amount/estimate: October 10, The Executive Yuan supports a plan by the Ministry of Transportation and Communications to extend the subsidies for domestic travelers until the end of next month. The Tourism Bureau has been offering TWD1,000 (USD34.30) subsidies per hotel room since July [update].
|Taipei,China||09||09 - International Assistance Provided||TWD|
|Taipei,China||09A||09A - Swaps||TWD|
|Taipei,China||09B||09B - International loans/grants||TWD|
|Taipei,China||11||11 - Other Economic Measures||TWD||KPMG. https://bit.ly/2LvD7ms (accessed 14 May 2020); CNA. https://bit.ly/3iGCTYA (accessed 18 September 2020).||
(i) From February 27 to May 26, 2020, importation of mask and undenatured alcohol concentration above 90% could be subject to temporary adjustment rates; (ii) From March 4 to March 31, the fever thermometers products could not be exported without the approval issued by the Bureau of Foreign Trade of the Ministry of Economic Affairs; (iii) Until April 30, the exportation of mask products (filtering efficiency 94% or more, of textile materials) are banned. However, woven or knitted masks without filter of textile materials, gas masks for epidemic prevention and replaceable filters, sponge masks, and paper masks are not subject to the export prohibition. Such ban may be further extended depending on the current COVID-19 situation; (iv) September 16, face masks are now included in a list of goods subject to import controls, but small quantities of up to 250 masks brought in by travelers will be exempt. The Bureau of Foreign Trade requires importers of either surgical masks or face masks to apply for import permits with the bureau.