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Taiwan Provides Overview of Amendments to House and Land Transactions Income Tax

29 September 2021

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance issued a release on 27 September 2021 providing an overview of amendments to house and land transactions income tax that came into effect on 1 July 2021. --- Excerpts of Amendments to House and Land Transactions Income Tax 2.0 According to the National Taxation Bureau of Kaohsiung, Ministry of Finance, the amendments to certain provisions of the House and Land Transactions Income Tax 2.0 have been promulgated by the President and will come into effect on July 1, 2021; the main amendments are as follows: 1. Expand the applicable scope of house and land transactions: The...