- Sales of land volume transfer rights by businesses should be subject to business tax as sales of services
- Businesses transferring the right to build on land to other land for construction purposes should issue taxable invoices for business tax
- Failure to correctly report and pay business tax on sales of land with volume transfer rights can result in penalties
- Businesses should be aware that sales of land volume transfer rights are considered sales of services and are subject to business tax
- For further inquiries, individuals can contact the North Regional Taxation Bureau at 0800-000321 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.
