- Individuals should report real estate transactions regardless of income to avoid penalties
- Taxpayers who do not report real estate transaction income may face penalties
- Court-ordered auctioned properties may still be subject to real estate transaction tax
- Only certain taxes are automatically withheld by the court or administrative agency
- Taxpayers are responsible for reporting real estate transaction tax themselves
- Failure to report real estate transaction tax can result in fines
- Taxpayers should seek clarification from the tax authorities if unsure
- Taxpayers can contact the tax office or use online resources for assistance
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
