Agricultural Insurance Act Article 16

An insurer may be exempted from business tax and stamp tax for handling agricultural insurance in accordance with this Act.All accounts, receipts, revenue and expenditures of the Agricultural Insurance Fund for the handling of agricultural insurance in accordance with this Act shall be exempted from taxation.Tax preference specified in the two preceding paragraphs shall be limited to fifteen years.Before the period expires, the Executive Yuan may extend the tax preference period once for a maximum period of fifteen years taking the actual circumstances into consideration.