2020-04-21
The Legislative Yuan on Tuesday (April 21, 2020) approved the amended regulations for the expanded economic relief budget to additional NT$150 billion and could help soften the economic impact caused by the coronavirus pandemic.
The related relief measures listed below:
Subsidies for salary and operating fund
Eligible for application
- The entity which is in Manufacturing or Service Industries.
- An entity which registers as a corporation, business, and limited partner in accordance with related regulations or only registers with tax authority for tax ID.
- The revenue goes down at least 50%
Subsidies content
- Salary
For the period of April 2020 to June 2020, the maximum amount for three months.
40% of each employee’s salary, cap for NTD20,000.
- Operating fund
NTD 10,000/per staff based on the employee list of March 2020
- Applicable period
2020/04/22-2020/07/31
Reduce the utilities expenses
Eligible entities
- The entities which are in Manufacturing or Service Industries and sustain an extreme loss to operate due to the impact of COVI-19.
- The loss of the above entities shall be assessed by the competent authorities.
Revenue Decline |
Water Expense |
Electricity Expense |
|
Low Voltage |
High Voltage |
||
Over 15% yet under 50% |
Reduce by 10% (cap for NTD 7,000/ per month) |
Reduce by 10% (cap for NTD 100,000/ per month) |
|
Over 50% |
Reduce by 30% (cap for NTD 20,000/per month) |
Reduce by 30% (cap for NTD 300,000/per month) |
Reduce by 30% further (cap for NTD 3,000,000/per month) |
- The above relief shall be applied by the utilities company.
Applicable period
- 2020/03/01 - 2020/09/30
Reduction of the expenses charged by the industrial parks and deferral of payments for the expenses
Industrial zone
- Land rental: extend to one year or reduce by 20% of the rent (alternative)
- Facilities maintenance: reduce by 20%
- Sewage fee: extend to one year
- Investment plan: extend the deadline
Rent with government-owned-land
-
Rental:
Extend to one year or reduce by 20% of the rent (alternative)
Allow to pay with 3 installments in three years
Exempt from penalty and interest expense
Deferral of payment for the related expenses of the processing area
- Land rental: extend to one year or reduce by 20% of the rent (alternative)
- Maintenance fee: allow to extend to one year if the revenue decline 30%
- Sewage fee: extend to one year
- Investment plan: extend the deadline
Expand the amount of finance and credit guarantee
Finance amount
- Small and middle sized entities: increase the amount from NTD20,000,000 to NTD 150,000,000.
- Except for small and middle-sized entities: increase the amount from NTD80,000,000 to NTD 500,000,000.
Amount of credit guarantee:
- Supply with credit guarantee for NTD 100 billion and NTD 200 billion to middle and large sized credit guarantee, respectively.
- Assisting the small and middle sized business to cope up with the situation by supplying NTD200 billion to Banks for funding to the businesses.