The Finance Committee of Taiwan’s legislature has given its approval to amendments of the luxury tax imposed on residential property. The luxury tax imposes a 15 percent tax on the sale price of property sold less than one year after it was purchased and a 10 percent tax on property sold in the second year after purchase. The amendments approved by the Finance Committee ensure that the tax applies to properties located in non-urban industrial districts. They also broaden the scope of the legislation to cover persons purchasing a second home to replace their existing residence. The Ministry would be authorized to assess property transactions on a case by case basis, to provide more certainty and fairness for people investing for the long term.
Swiss Parliament Passes Media Tax
Thailand: Tax Revenue deficit
Related Posts
Taiwan: Tax Authority reiterates invoicing rules for franchise arrangements
Taiwan’s Kaohsiung National Taxation Bureau of the Ministry of Finance stated that when a business operator (franchise headquarters) charges a franchisee a one-time franchise fee for opening a store, the fee is regarded as consideration for the
Read MoreTaiwan: MoF urges taxpayers to complete 2025 income tax return filings before deadline
Taiwan's Ministry of Finance (MoF) has announced the upcoming income tax return deadline for the year 2025. As of 24 May 2026, 5,076,273 individual income tax returns have been filed, accounting for 72.7% of the total individual income tax
Read MoreTaiwan: Businesses reminded to apply for CFC financial statement filing extensions
The Kaohsiung National Taxation Bureau of the Ministry of Finance announced on 25 May 2026 that, for any reason, those who are unable to submit their CFC financial statements within the prescribed period may apply to their local tax authority for an
Read MoreTaiwan: Tax bureau reminds firms of CFC financial statement filing deadline
Taiwan’s Northern Taiwan National Taxation Bureau of the Ministry of Finance announced that the filing period for the 2025 profit-seeking enterprise income tax return is from May 1 to May 31, 2026 (extended to June 1 if the deadline falls on a
Read MoreTaiwan clarifies CFC document extension rules for corporate tax filings
Taiwan’s Central District National Taxation Bureau of the Ministry of Finance clarified that profit-seeking enterprises required to report income from Controlled Foreign Corporations (CFCs) must disclose relevant information and attach supporting
Read MoreTaiwan: Tax Bureau clarifies residence day rules for foreign taxpayers
Taiwan’s Beidou Office, National Taxation Bureau of the Central Area, Ministry of Finance, reminds foreign taxpayers that the number of days of residence in Taiwan is calculated based on the entry and exit stamps in their passports or the
Read More