Taiwan Considering Consolidation of Housing and Property Taxes Including an Increased Rate for Non-Residents
According to recent reports, the Taiwan Ministry of Finance is currently considering plans to consolidate the country's housing and property taxes, and apply an increased tax rate for non-resident investors in order to curb speculation. The tax rate for residents would be 17% if the property is held for at least 2 years, while the rate for non-residents would be 30%. It is unclear if any reduce…
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