Tax Luncheon - Implications of new real estate tax laws
ECCT Tax Committee Luncheon
The Impacts of Upgraded Consolidated Land and Building Tax Regime 2.0
Lynn Chen, Partner, KPMG Taiwan
Tony Chao, Managing Director, JLL Taiwan
Date: Friday, 1 Oct, 2021
Time: 12:00 - 14:00
Venue: Mandarin Ball Room 1, B2, Mandarin Oriental Taipei / 台北文華東方酒店 B2 文華廳 1
Address: No. 158 Dunhua North Rd., Taipei 台北市松山區敦化北路158號
The Consolidated Land and Building Tax regime was first introduced under Taiwan’s Income Tax Act and became effective since 2016. Since the roll out of the tax regime, the real estate market to certain extend has been impacted but still remain popular with certain short-term speculation opportunity. With the aim of curbing real estate speculation, the Ministry of Finance (“MOF”) proposed the Consolidated Land and Building Tax Regime 2.0 and the law had been passed by the Legislative Yuan becoming effective from 1 July 2021.
The key changes to the amended rules include but not limited to extending the real estate holding period by individuals and corporation under different tax rates categories and limitation on claiming the Land value Incremental Tax for capital gains calculation. The revisions also widen the scope of properties to which the tax applies where the transfer of real estate rich unlisted company shares as well as the sale of presale homes will now be caught under this regime.
The announcement of the Consolidated Land and Building Tax Regime 2.0 will have impact on both local and foreign investors and the tax costs of real estate investment. This for certain will affect the Taiwan real estate market.
At this luncheon, the guest speakers will give an overview of the new real estate tax rules and implications for investors and corporations.
Among other topics, the following issues will be discussed:
- Expected impact of the revised law on Taiwan’s real estate market
- Expected impact on private investors and companies
- Considerations and measures for companies and individual investors
NT$ 1,400 for members and NT$2,000 for members' guest(s)
Note: Participation will be limited to 70 people
*To cancel without penalty, written cancellations must be received 24 hours prior to the event.
Contact: Ivy Lin/ Tel: 2740-0236 ext. 219 / firstname.lastname@example.org