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Taiwan approves property gains tax
Published Fri, Jun 5, 2015 · 09:50 PM
Taipei
TAIWAN's lawmakers approved a property gains tax of as much as 45 per cent to rein in speculative transactions in the real estate market.
Domestic individual sellers will have to pay from 15 per cent to 45 per cent. The tax will be calculated based on market prices instead of government-assessed value currently. Quali…
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