Reported about 1 year ago
According to statistics from the Ministry of Finance, in May, Taiwan’s individual integrated housing and land tax revenue reached 6.2 billion, an 86% year-on-year increase, setting a new high for May in history, reflecting the active market trading conditions. The significant rise in real estate transaction prices since 2016 has also driven the increase in integrated housing and land tax revenue. Taichung City leads in tax revenue, followed closely by New Taipei City, Kaohsiung City, Taipei City, and Taoyuan City. The continued increase in tax revenue indicates that those selling properties are paying more taxes due to rising property prices, prompting the need for tax planning among the public, especially for those involved in property transactions after 2016.
Source: YAHOO