Taiwan MOF Clarifies Reinstatement of Housing, Land Value Taxes Following Exemption

The Taiwanese Ministry of Finance April 2 clarified reinstatement of housing tax under Order No. 11400710190, and land value tax, following exemptions. The clarification includes that: 1) under the order, for houses originally exempt from housing tax that become taxable due to transfer, the housing tax is reinstated starting from the tax period following the transfer date, from tax period 2025; 2) the new Differential Tax Rate 2.0 system implemented July 1, 2024, includes an annual land value tax levy, changes the housing tax levy to annual from monthly, and bases housing tax liability on the last day of February ...