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The Ministry of Finance provides bailout and revitalization measures by amending the regulations on the storage period of bonded goods in duty-free shops, and increasing the duty-free sales amount of Offshore Island duty-free shops.

  • Data Source:關務署秘書室

The Customs Administration indicated that, the maximum storage period of bonded goods in duty-free shops is two years. Before amendments to Article 20 of the Regulations Governing the Establishment and Management of Duty-free Shops and Article 17 of the Regulations Governing the Establishment and Management of Offshore Island Duty-free Shops, the said period may be extended once for one year upon approval by the Customs. Due to the impact of the Covid-19 pandemic on the duty-free shops and Offshore Island duty-free shops, the number of passengers plummeted, and the goods could not be sold smoothly. In order to alleviate the impact of the epidemic on the industry and relieve the pressure of storing duty-free goods, the Ministry of Finance has amended the above regulations on the storage period of bonded goods in duty-free shops and Offshore Island duty-free shops on June 16, 2020, which stipulates that due to natural disasters, incidents, or other force majeure, the storage period may be extended more than once.    
In addition, to revitalize the tourism industry on Offshore Islands,  increase  incentives for tourists to visit, and promote local business opportunities, the Ministry of Finance has amended Article 19 of the Regulations Governing the Establishment and Management of Offshore Island Duty-free Shops by increasing  the duty-free amount of goods, excluding tobacco or alcohol, and carried by passengers out of the Offshore Island areas into the main island of Taiwan or other Offshore Islands, from NT$60,000 to NT$100,000. Considering the establishment of the system, including the testing and training of its operators, there must be a sufficient buffer period. After consultation with the operators, the new measure will be officially implemented on December 15, 2020.
The Customs Administration further explained that in order to simplify the administrative procedures, the Ministry of Finance has amended Article 45 of the Regulations Governing the Establishment and Management of Bonded Warehouses about revising the approval authority, which allows for extensions of the storage period for special purposes, from the Ministry of Finance to the Customs. Finally, the Customs Administration urges any operators in need to make applications to the competent Customs Office as soon as possible.

  • Publish Date:2020-06-24
  • HitCount:40
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