Reported 3 months ago
On July 17, 2024, it was reported that the Taipei National Tax Bureau revealed a case of an individual who, despite purchasing a house and failing to provide sufficient proof of residency, was required to pay an additional NT$1.463 million in taxes. To qualify for a tax deduction on the purchase of a new residence, homeowners must demonstrate actual residency, alongside other criteria, as advised by the Bureau. In this instance, the individual had registered the property as vacant and could not prove legitimate occupancy, thus invalidating their claim for the tax benefit.
Source: YAHOO