Taiwan property owners urged to re-apply for residential tax incentives

Tax authorities in Taiwan are reminding property owners to complete necessary filings to maintain preferential tax rates for residential properties.

In New Taipei City, landlords utilizing the 'Housing Tax 2.0' system must re-apply with new lease agreements when old contracts expire. Failure to re-declare rental income and updated lease terms by the deadline could result in tax rates reverting from the preferential 1.5%–2.4% range to the standard non-owner-occupied rate of 3.2%–4.8%.

Separately, the deadline for applying for the self-use residential land value tax incentive is September 22. Eligible owners can benefit from a reduced rate of 2‰, which is significantly lower than the general land rate of 10‰ to 55‰. Tax bureaus note that new owners who have acquired property through sale, gift, or inheritance must re-apply for this status, as the incentive does not automatically transfer to new owners.