中華民國102年5月22日星期三 May 22, 2013 Wed.
Press Releases Statements
Newsletter of the Taipei National Tax Administration, Ministry of Finance
The Taipei National Tax Administration (TNTA), Ministry of Finance indicated that the gain an alien acquired from the sale of land could be exempt from the individual income tax. However, the gain on the sale of house, which is referred to as “income from the property transaction”, shall be taxable according to the Income Tax Act of the ROC.
The TNTA explained that if an alien is a resident of the ROC, the amount of that alien’s income from selling a house shall be the actual transaction price after deductions of original cost and all expenses. The purchase and the sale contracts of such real estate as well as the transaction price collection and payment records shall be submitted by the taxpayer to the tax authority for verifying the “actual transaction price” and “original cost” and then assessing the gain or loss on the property transaction accordingly. Furthermore, if selling and buying prices of the land and the house are not separately stated in the contracts, the property transaction gain or loss on the sale of the house shall be calculated as follows.
Assessed Present Value of House
(Sale Price-Purchase Price) ×
Declared Present Value of Land + Assessed Present Value of House
As for an alien who is not a ROC resident, the gain on the sale of house shall be taxed at the rate of 20%.
The TNTA stated that the housing market has been booming in recent years, but lots of aliens failed to report such income after selling out their real estates, thus were taxed by the assessment of the tax authority. So as not to affect your rights and reduce the dispute between taxpayer and tax authority, please pay attention to those regulations.
分 網： Taxation