Taiwan Considering Consolidation of Housing and Property Taxes Including an Increased Rate for Non-Residents

According to recent reports, the Taiwan Ministry of Finance is currently considering plans to consolidate the country's housing and property taxes, and apply an increased tax rate for non-resident investors in order to curb speculation. The tax rate for residents would be 17% if the property is held for at least 2 years, while the rate for non-residents would be 30%. It is unclear if any reduced rate would apply for non-residents who hold properties for longer periods of time.

Draft legisla…