Marketed as the group's tenth "mini album" release, it consists of six tracks, including the lead single "Alcohol-Free".

On April 19, 2021, it was reported that Twice were in the final stages of preparing for their comeback slated for June and had plans of filming a music video on Jeju Island.

The opening track and lead single, "Alcohol-Free", recounts the magical moments of falling in love while comparing it to the feeling of getting drunk.

In celebration of the comeback, the group held an online live broadcast before the release of "Alcohol-Free" to talk about the album, the preparations, and the behind-the-scenes.

[22] AllMusic's David Crone called Taste of Love a "bundle of summer anthems with the vivid emotions of summertime passion", which comes as a result of its production, "swooning vocals", and the "breezy yet seductive sonic direction".

[23] It was given a 75 out of 100 rating by Beats Per Minute, citing that it is "a set of six slickly-produced songs that take place from sunset into the hazy summer night".

[24] In a 7.3 out of ten review for Pitchfork, Joshua Minsoo Kim said that it overflows with "moments of clear, magnetic confidence", and said that the group's devotion to breeziness cements it as one of K-pop's best summer albums.

Describing it as an "upbeat, groovy exploration", the reviewer called it one of Twice's "more powerful" releases for showing their growth as artists and involvement in the creative process, yet criticized "Alcohol-Free" for lacking excitement.

[35][36] Selling over 500,000 copies, the EP certified double platinum by the Korea Music Content Association (KMCA) in August 2021.