For application for a refund of paid land value increment tax due to land repurchase pursuant to the provisions under Article 35 of the Act, the land owner shall submit a copy of the original contractual document presented to the land administration authority upon registration for sold or repurchased lands, or the original certificate indicating the date of land expropriation for expropriated lands, or a copy of the original contractual document presented to the land administration authority upon registration for repurchased lands to the taxation authority at the place of the land being sold or expropriated.
Where the repurchased land and the sold land locate in different counties or cities, the taxation authority accepting tax refund applications pursuant to the provisions under the preceding paragraph shall file a request to the taxation authority at the place of the repurchased land in writing to verify all relevant data before processing the application. Upon approval of the refund application, all relevant data shall be distributed to the taxation office at the place of land repurchase.
The taxation authority at the place of the land repurchase shall keep an inventory (or cards) for the approved tax refund applications and the data received in accordance with the preceding paragraph and shall indicate in tax records relating to the repurchased land these exact words: “Refunded land value increment taxes for repurchased lands that are transferred again or changed to other uses within five (5) years shall be recollected.”
The taxation authority-approved tax refund applications set forth under the preceding paragraph shall be reviewed regularly on an annual basis. In the event that a repurchased land is found to be transferred again or changed to other uses within five (5) years, the provisions under Article 37 of the Act shall govern.