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Individuals selling houses and land subject to the house and land transactions income tax, regardless whether there is tax payable or not, should file the house and land transactions income tax return within the filing period.

  The National Taxation Bureau of Taipei, Ministry of Finance states that for individuals’ transactions of houses and land after January 1, 2016, regardless whether there is tax payable or not, the individual house and land transactions income tax return shall be filed.
  The Bureau states that the house and land transactions income taxation system has been implemented since January 1, 2016 and individuals’ transactions of houses and land after January 1, 2016 are subjected to the house and land transactions income tax. Regardless whether there is a transaction income or loss, and regardless whether there is tax payable or not, in accordance with the provisions of Article 14-5 of the Income Tax Act, the tax return form must be completed and filed within 30 days from the next day after the completion of the ownership transfer registration, to the taxing authority with jurisdiction over the location where the household registration is located at the time of filing, accompanied by photocopies of the contract and other related documents ; if there is tax payable, the payment receipt should also be submitted.
  The Bureau gives an example that, in February 2020, individual A sold and transferred the house and land purchased in March 2017. Although the taxable income is calculated to be zero and there is no tax payable, individual A should still complete the filing of the house and land transactions income tax return within 30 days from the next day after the completion of the ownership transfer registration.
  The Bureau urges that for individuals’ transactions of houses and land subjected to the house and land transactions income tax, regardless whether there is tax payable or not, the tax return filing should be made within the statutory filing period according to the actual transaction price and costs to comply with the Income Tax Act.
(Contact person: Section Head Lu of the Second Examination Division; Tel. 2311-3711 ext. 1550)

Last updated:2020-12-07