Reported about 1 year ago
According to statistics from the Ministry of Finance, the personal property and land consolidated tax revenues in Taiwan reached 6.2 billion in May, with an 86% year-on-year increase, hitting a new high for the same period in history. Experts attribute this to the active real estate market, large transaction volumes, and significant increases in property prices, resulting in more sales and higher tax payments. Notably, Taoyuan and Kaohsiung saw the most staggering increases of 158% and 115% respectively. Advice on tax planning strategies for property transactions is also provided.
Source: YAHOO