Reported 12 months ago
Seeking development through mergers is a global trend for enterprises, but the high financial preparation required for mergers may add to the pressure. To alleviate this, the Ministry of Finance in Taiwan allows companies to apply to 'suspend' the payment of land value increment tax obtained through mergers by listing it on their accounts first. This option is available for companies involved in mergers, divisions, or acquisitions transferring land ownership, as long as they comply with relevant laws. However, the tax must be paid when the land is eventually transferred, potentially resulting in double the taxation.
Source: YAHOO