User:Cobrachen/第一生產線/修改區/Local Information/Financial

Currency and foreign exchange

New Taiwan Dollars (NTD or NT$; Chinese: 新台幣) are the official currency of the Republic of China used within the areas of Taiwan, Penghu, Kinmen, and Matsu. The banknotes are in denominations of $2000, $1000, $500, $200, $100, and notes of $1000, $500 and $100 are more frequently used. The coins are in denominations of $50, $20, $10, $5, $1, and $0.5, and coins of $50, $10, $5 and $1 are more frequently used.

For more information on Taiwanese currencies, consult the following web pages of The Central Bank of China: NTD notes, NTD coins, security features.

(foreign exchange)

Credit/debit/ATM cards

In Taipei, most of the department stores, chain bookstores, chain supermarkets/hypermarkets, and many of the restaurants accept credit cards. However, some of the shops, for example electronics/computer stores in the famous Guang-hua market, charge extra 5% to 8% tax and operation fee since the shop owners usually offer a tax-exclusive price to consumers. VISA and MasterCard are the most popular and useful cards, while only a few shops accept American Express, Diner's Club, or JCB.

Debit card is seldom applicable in Taiwan and not recommended at all.

There are many ATM booths in Taipei offer 24 hours service. Alongside those ATM outside the banks or post offices, you can also find ATMs in many of the chain convinient stores. Just check out the special signs outside the stores. Most of the ATMs in Taiwan offer bilingual menu in Chinese and in English.

International money transfers

Sales tax and refund

Taiwan uses a receipt system for all purchases, called the Uniform Invoice Receipt. A five percent hidden sales tax applies to all brick and mortar establishments.

Tipping

Tips are not necessary or expected in Taiwan as there is already a ten percent service charge added. (except for baggages at hotel?)