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Taiwan continues deepening reform of its business environment

Source: Taiwantrade | Updated: 22 September 2011

The report, published in both Chinese and English, includes the reform principles and measures undertaken by the different ministries and commissions. The concrete reform measures described in this year’s report include the institution of online application procedures for company establishment, the provision of single-window services for construction permit applications, the use of personal property as collateral, and the legislation of laws and regulations for the protection of investors.

The CEPD notes that the government continuously deepens reforms of the business environment through a closely orchestrated interdepartmental collaboration and the holding of regular discussions. Efforts completed in 2010 and 2011 include such tax-facilitation measures as reduction of the business income tax to 17% and simplification of tax-filing procedures for profit-seeking enterprises.

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