TPEX to add e-commerce as 28th industry category - News Summed Up

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TPEX to add e-commerce as 28th industry category

By Ted Chen / Staff reporterThe Taipei Exchange (TPEX) is to add e-commerce as its 28th industry category to help promote growth among local operators as well as start-ups looking to enter the sector, which is included in the government’s “five plus two” industrial innovation program. Companies which derive most of their revenue from online sales would be eligible to be listed in the e-commerce category from March, following the completion of the change to the exchange’s back-end information systems, TPEX said. Currently, a number of local e-commerce operators are listed under the information technology and cultural and creative industry categories. However, the change does not cover online gaming companies, TPEX said, adding that it is in talks with five companies about relisting under the electronic commerce category. In related news, an amendment to customs tax laws lowering the tax exemption threshold for foreign e-commerce platforms from NT$3,000 to NT$2,000 (US$100.51 to US$67) took effect yesterday.

Source: Taipei Times January 01, 2018 15:56 UTC