The National Taxation Bureau of the Northern Area, Ministry of Finance, stated that if a taxpayer has fallen behind on tax payments and is subject to tax safeguard measures imposed by the taxation authority in accordance with Article 24 of the Tax Collection Act, the taxpayer may, pursuant to Subparagraph 1 of Paragraph 2 and Subparagraph 2 of Paragraph 4 of the same Article, provide adequate collateral to the taxation authority and apply for the lifting of such tax safeguard measures.

The Bureau provides the following example: Mr. A owed a total of over NT$19 million in taxes and fines. His property was restricted from transfer or the establishment of other rights upon notification to the relevant authorities, and following referral for compulsory execution, the assets were auctioned by the local branch of the Administrative Enforcement Agency. After the Bureau reported the case to the Ministry of Finance, which in turn requested that the National Immigration Agency impose an exit restriction, Mr. A voluntarily applied to the local branch of the Administrative Enforcement Agency for installment payments. A third party, Mr. B, provided Property X and its associated land as collateral for the tax arrears. During this period, Mr. A made regular installment payments and actively submitted market value data for Property X. Upon review, the Bureau determined that the collateral was sufficient to fully secure the tax debt, and accordingly approved the cancellation of the prohibition registration on Mr. A’s property and lifted his exit restriction.

The Bureau further explained that, according to Article 5 of the Regulations Governing the Valuation and Certification of Collateral Accepted by Tax Collection Authorities, taxpayers may provide land or buildings with registered ownership that are easily marketable, free of ownership disputes, and sufficient to cover the full amount of the debt. Land and buildings are to be valued at 120% of their publicly announced current value. However, if the taxpayer can provide objective and fair market value data for the land or building that is verified by the taxation authority, such data may be used for valuation purposes. Examples include market prices published in newspapers or magazines, the weighted average transaction prices recorded among peers in each municipality or county (city), valuation reports by certified real estate appraisers, mortgage assessments made by banks, estimated selling prices based on data from major real estate agencies (after deducting commissions), and prices from court auctions or public property sales conducted by the National Property Administration. When multiple sources of market value data are available, the average value may be adopted as the market price. If the land or building has other rights that are established upon it, the value or amount of the secured debt must be deducted accordingly.

The Bureau would like to remind taxpayers that when taxes remain unpaid, their property may be subject to prohibition of disposition, and they may also face exit restrictions. Taxpayers who need to transfer such property or have plans to travel abroad may provide third-party property of equivalent value as collateral and apply for the cancellation of prohibition registration or the lifting of exit restrictions. For further information, taxpayers may visit the Bureau’s website to review relevant regulations or call the toll-free service hotline 0800-000321 for consultation. The Bureau is committed to providing comprehensive and detailed assistance.

〔Contact person：Ms. Wang, Head, Collection and Information Management Division；Tel：（03）3396789, ext. 1180〕