Monday, November 07, 2022

Taiwan to launch digital custom declaration service

Taiwan will soon launch a digital service which will allow people entering or exiting Taiwan to declare assets such as gold and currency online, the Ministry of Finance (MOF) said on Friday.
Under the Anti-Money Laundering Regulations for Cross-border Declaration and Reporting, people entering or exiting Taiwan with more than NT$100,000 in Taiwan dollars, more than US$10,000 in foreign currency, and gold worth more than US$20,000 must declare such valuables with Taiwan customs.
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