Taiwan Finance Departments Will Levy Land Value Added Tax &Nbsp At The Market Price And Narrow The Gap Between The Rich And The Poor.
According to reports, in order to improve the distribution of income, Taiwan's Ministry of finance will propose a plan to improve income distribution and shorten the gap between the rich and the poor on 9 th. Among them, levying land value increment at market price as the goal of tax reform, and levying tax burden on non self occupied housing and land short-term pactions, pfer of pre-sale housing rights and consumption of high priced goods are the most notable.
It is reported that Taiwan's various circles generally believe that the gap between the rich and the poor is widening and the income distribution is uneven.
Economics
The growth of fruit can not let the vast majority of people feel, especially the unreasonable soaring of real estate prices, making people feel particularly deep in the gap between the rich and the poor.
On this 9 day, the Legislative Yuan Finance Committee will arrange "Li Shude" report of the Minister of finance "improving income distribution and shortening the gap between the rich and the poor".
The Ministry of Finance pointed out that the revision of the tax system in the future should focus on changing the current value of the notice to a flexible adjustment within a year, so that frequent investment and sale can not escape the land value-added tax.
In terms of housing, it is also estimated that the current value of housing assessment should be changed from 3 years to an annual adjustment.
Taxation
Can not keep up with the rise of luxury housing.
In addition, the current land and housing tax system provides preferential tax relief for farmland, farmhouse, public housing and self occupied housing. "The Ministry of finance" said that the tax bureaus from all over the country will strengthen the investigation in 2011 to avoid any premises that do not meet the conditions of reduction and exemption, and the tax reduction rate is still applicable, and the related taxes are omitted.
Levy taxes on non self occupied housing and land short-term pactions, pfer of pre-sale housing rights and consumption of high priced goods.
As for the tax inspection section, the project examines individual pactions in real estate at a high price. "
Tax Bureau
Tax returns will be paid in January 5, 2011 and July 5th.
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