Taiwan extends tax waiver on imported corn to curb food inflation

Taiwan has extended its waiver of the 5% business tax on imported corn through 30 September 2026 under a broader package of food price-stabilisation measures announced on 4 March, according to a recent USDA GAIN report. The exemption had been due to expire at the end of March and is part of the government’s 17th round of tax-reduction measures since December 2021.

Corn is one of the imported agricultural commodities Taiwan says it depends heavily on, and the government’s goal is to limit inflationary pressure, reduce operating costs for domestic businesses and keep annual CPI growth below 2%.

The USDA report says Taiwan extended the measure in response to renewed volatility in international energy and commodity markets, with the government also planning temporary price-stabilisation meetings to track developments and react quickly if conditions shift again.

source: fas.usda.gov

photo: tss.gov.tw