[Venue Change] ECCT PREMIUM EVENT-Taiwan's Covid-19 economic stimulus: MOEA support measures for business
ECCT PREMIUM EVENT
Taiwan's Covid-19 economic stimulus
MOEA support measures for business
Wang Mei-hua, Deputy Minister, Ministry of Economic Affairs 經濟部王美花次長
12:00 – 14:00, Friday, 29 May 2020
Venue: Far Eastern Plaza Hotel, Ballroom (3F) 香格里拉遠東國際大飯店 3F宴會廳
No. 201, Section 2, Dunhua South Road, Taipei / 台北市敦化南路二段201號
Taiwan authorities have announced fiscal stimulus measures to help individuals and businesses suffering from the fallout of the coronavirus pandemic. On 25 March, the Executive Yuan announced policies to provide financial aid to people and companies affected, including wage subsidies and deferred income tax payments for people working in the tourism and hotel industries. People affected can apply to postpone paying income taxes for one year or pay in instalments of up to 36 months. In addition, state-owned banks are to cut interest rates for people who have taken out loans for home mortgages, auto and credit card bills.
The latest measure comes a month after the Special Act on COVID-19 Prevention, Relief and Restoration was signed into law by President Tsai Ing-wen, authorising spending of NT$60 billion. At this event our speaker will give an update on MOEA’s stimulus and support measures, who can apply and procedures to do so for companies operating in Taiwan.
Under the act, medical workers and related personnel involved with disease prevention efforts will receive subsidies. For individuals who have to undergo quarantine, the act stipulates that employers cannot list them as absent from work, or discriminate against them in any manner. They will be entitled to apply for compensation within a two-year window, if they are not paid a salary during their period of quarantine or have not being given other forms of compensation. The provisions also apply to employees who have to take time off work to care for family members in quarantine who are unable to take care of themselves.
About the speaker
Wang Mei-hua has been the Deputy Minister of the Ministry of Economic Affairs (MOEA) since March 2019 and, prior to that, the Vice Minister since July 2016. A lawyer by training, she began her career as Director of the MOEA’s Petitions and Appeals Committee in 1991. She went on to become an expert on intellectual property rights matters by working first as Deputy Director of the Patent Office, under the MOEA’s National Bureau of Standards from 1997-1999 and then moving on to hold various positions in the MOEA’s Intellectual Property Rights Office including Director of the Legal Affairs Office, Director of two separate patent divisions and Director of the Trademark Division, before being promoted to Deputy Director-General in 2006 and Director-General in 2007, a position she held for nine more years until was promoted to MOEA Vice Minister in 2016. She holds a Bachelor of Law degree from National Taiwan University.
Please note: This event may be postponed if there is a change in the speaker’s schedule due to the coronavirus pandemic
Please note that, in line with government guidelines, attendance at this event will be limited to 250 people.
Other guidelines such as temperature checks of arriving guests and personal hygiene measures will also be taken.
In addition, in accordance with social distancing guidelines, tables will be placed far apart and seating will be limited to 8 people per table.
Cost: NT$1,400 per member; NT$2,000 for members' guests
To cancel without penalty, written cancellations must be received at least 1 working day before the event.
Contact: Fiona Lee / Tel 2740-0236 ext. 216 / Fiona.email@example.com / www.ecct.com.tw