Key Figures

Chief of State:
President Tsai Ing-wen
Head of Government:
Premier Lai Ching-te

Overview

Government Name:
Republic of China
Constitution:
Adopted: 1946; Going into effect in 1947, this constitution made China the "most populous paper democracy" in the world. Additionally it establishes the five branches of government. Although it was initially meant for all of China, it was not implemented efficiently and the KMT was in a civil war with the Communist Party of China at the time of its promulgation.
Government Type:
Multiparty Democracy
Republic of China Flag
Coat of Arms of Republic of China

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2018)

Country Risk Rating

A2
The political and economic situation is good. A basically stable and efficient business environment nonetheless leaves room for improvement. Corporate default probability is low on average. Source: Coface (2018)

Government Branches

Main Powers Election Process Election Cycle 1
Control Yuan

Investigatory agency that monitors the other branches of government.

Nominated by the president.

6 years

Examination Yuan

Civil service examination agency.

Nominated by the president.

4 years

Executive

Evaluate statutory and budgetary bills concerning martial law, amnesty, declarations of war, conclusion of peace or treaties, and other important affairs before submission to the Legislative Yuan.

President is elected by popular vote, premier is appointed by the president.

4 years

Judicial

Interpret the Constitution and to unify the interpretation of laws and orders.

Nominated by the president with Legislative Yuan's permission.

9 years

Legislative

Amend the constitution, impeach the president, or change national borders.

Seventy-three members are elected by plurality vote in single-member constituencies, 34 members are elected through a closed-list proportional representation system, and 6 members are elected by single non-transferable vote.

4 years

Regional Trade Blocs

No Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Ministry of Finance
Tax Name:
Business Tax (includes VAT and GBRT)

Sources:

  1. ElectionGuide http://www.electionguide.org/
  2. EY, http://www.ey.com
  3. CIA World Factbook, https://www.cia.gov/library/publications/the-world-factbook/
  4. U.S. Bilateral Relations Fact Sheets http://www.state.gov/r/pa/ei/bgn/