- The Ministry of Finance has implemented tax assistance measures for those affected by the Hualien earthquake
- Measures include reducing or exempting taxes such as business tax, vehicle license tax, entertainment tax, property tax, and land value tax for those in the disaster area
- Individuals who suffer disaster losses due to the earthquake can deduct these losses from their comprehensive income tax for the year
- Those unable to pay taxes on time due to the earthquake can apply for an extension or installment plan without interest
- Taxpayers are encouraged to use the Ministry of Finance’s online platform for applying for tax reductions and exemptions
- For more information on tax assistance for disaster losses, individuals can visit the Ministry of Finance’s website or contact their local tax office.
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
