Amendments to EV tax laws clear the legislatureStaff writer, with CNAAmendments to commodity and license laws for electric vehicles (EV) that extend an exemption of taxes for an additional five years cleared the Legislative Yuan yesterday. Amendments to the Commodity Tax Act (貨物稅條例) would extend the exemption of the commodity tax for EV purchases, but continue to limit it to a taxable value of NT$1.4 million (US$44,433) per EV, with amounts in excess of the limit not receiving tax-free status. Photo: Taipei TimesAmendments to the Vehicle License Tax Act (使用牌照稅法) would extend the exemption of the license tax for five years. As of the end of last month, the exemption of the EV commodity tax has cost the treasury a cumulative NT$28.9 billion, while the exemption of the EV vehicle license tax has cost the government a cumulative NT$9.2 billion, the ministry said. There was a consensus among ruling and opposition lawmakers to support extending the tax exemption before the amendments were passed yesterday, it said.
