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Taiwan Considering Consolidation of Housing and Property Taxes Including an Increased Rate for Non-Residents

|Proposed Changes|Taiwan
Taiwan

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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