Taiwan Clarifies Taxation of Indirect Transfers of Real Estate

Taiwan's Ministry of Finance has issued a notice on the indirect transfer of real estate in Taiwan. As previously reported, Taiwan introduced new rules effective 1 July 2021 providing for the taxation of indirect transfers where shares derive more than 50% of their value from real estate property situated in Taiwan.

As explained in the notice, the rules apply for the transfer of shares or capital interests in domestic or foreign companies, whether directly or indirectly held by an individu…