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Taxation Administration,Ministry of Finance,R.O.C.Law Source Retrieving System of Taxation Laws and Regulations


Tax Related Laws & Regulations

Tax Act:
Enforcement Rules of the Income Tax Act
Article 17-2
Where an individual selling his or her house can present documents certifying the selling price and costs and expenses in the transaction, the calculation of property transaction income shall be verified based on the documents in accordance with Category 7, Paragraph 1, Article 14 of the Act; where the individual fails to declare the above or provide certification documents, the tax authority may determine the income in accordance with the approval standards set by the Ministry of Finance.
The standards stated in the preceding Paragraph are to be established by the national tax administration under the Ministry of Finance in all districts by referring to the actual economic condition and trading activities in the house market in that current year, and submitted to the Ministry of Finance for approval.

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