- Individuals who frequently or continuously sell houses must declare both personal property and land value increment tax, as well as business tax
- Individuals who acquire houses after 2016 and engage in regular or continuous house sales activities are subject to business tax if they meet certain criteria
- Real estate agents and land surveyors should remind people to be aware of tax obligations when handling property transactions
- The Kaohsiung National Tax Bureau provided an example of a taxpayer who sold multiple houses within 6 years of acquisition, leading to a penalty for not registering for business tax
- Individuals who sell houses acquired after 2016 must register for business tax and pay sales tax if they meet certain criteria
- Individuals who own houses or land for profit-making purposes should declare personal property and land value increment tax to avoid penalties
- For inquiries, individuals can call the toll-free service hotline at 0800-000-321 or visit the National Tax Bureau website for online assistance.
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.
Latest Posts in "Taiwan"
- Change of Sole Proprietorship Responsible Person Requires Invoice Issuance and Business Tax Payment
- Online Sales of Second-Hand Goods for Profit Require Business and Income Tax Registration
- Online Sellers Must Register for Tax if Monthly Sales Reach Tax Threshold
- Businesses Can Switch to Monthly Returns for Zero-Rated Supplies Once Annually, Says Taipei Tax Bureau
- FINTUA Global VAT Guide for September 2025
