National Taxation Bureau of Kaohsiung, Ministry of Finance expressed that individuals who derive income arising from transactions of house and land should, regardless there is any tax payable as calculated,  file the House and Land Transactions Income Tax (hereinafter referred to as House and Land Tax) within 30 days starting from the day following the transfer registration day

The Bureau had given an example: Taxpayer A spent NTD5,000,000 to purchase a property in 2018 and sold it at NTD4,500,000 in 2020. Taxpayer A thought that there was no income derived from the transaction as the property was sold at a loss, and therefore failed to file the House and Land Tax. Then the Bureau has imposed a penalty in accordance with Paragraph 1, Article 108-2 of Income Tax Act and Subparagraph 3, Paragraph 1, Article 3-2 of Penalty Relief Standards for Tax Violations. That is, those who fail to file the House and Lax Tax for the first time should be imposed with a penalty of NTD1,500.

The Bureau reminded that the House and Land Tax has adopted a self-filing system and both behavioral penalty and tax administrative penalty have been established in Paragraphs 1 and 3, Article 108-2 of Income Tax Act, respectively. Citizens who derive income arising from transactions of house and land after January 1, 2016 and who have not filed the House and Tax within 30 days starting from the day following the transfer registration day should file the House and Land Tax to local taxation authority as soon as possible. Those who have tax payable and fail to file the said tax on time should pay the tax plus the interest. The said penalty may be exempted if the taxpayer has taken the initiative to file the tax before being reported by the others or investigated by the taxation bureau. 

Contact: Ms. Liao, the Revenue Officer of the Second Examination Section

TEL: 07-7256600 ext.7257