Taiwan extends tax relief on corn, soybean and wheat imports

Taiwan has extended tax relief on selected agricultural imports until March 31, 2027. The measures had previously been due to expire at the end of September 2026.

Soybeans will continue to receive a full business tax waiver. Similar exemptions will remain in place for corn and wheat.

The government has also maintained reduced import duties on several livestock and dairy products. In particular, the tariff on butter has been cut from 5% to 2.5%, while the duty on anhydrous milk fat has been reduced from 8% to 4%.

Taiwan relies heavily on imports of corn, soybeans, wheat and beef to meet domestic demand. Extending the measures is intended to contain import costs and reduce the impact of global price volatility on the domestic market.

According to USDA, the decision comes amid renewed external risks, including higher energy prices and logistics costs. The government plans to continue monitoring international market conditions and adjust support measures if necessary.

Tags: corn, soybean, wheat, imports, Taiwan