The National Taxation Bureau of the Northern Area (NTBNA), Ministry of Finance indicates that from January 1, 2016, an individual, who has income or loss derived from transactions of house or land acquired on or after January 1, 2016, or acquired on or after January 2, 2014 and has sold the house or land after January 1, 2016 with a holding period of no more than 2 years, shall file the Individual House and Land Transactions Income Tax return regardless of the tax amount. The tax should be filed with the competent tax collection authority within 30 days counted from the following day of the day on which the house and land ownership transfer registration is completed, except in the case of any of the conditions listed below:

(1) Land complied with the provisions of Article 37 and Article 38-1 of the Agricultural Development Act allowing for non-taxable status of Land Value Increment Tax.

(2) Land or land improvements expropriated by the government or had been acquired in a negotiable price before the expropriation.

(3) Transfer of land that has been designated as reserved land for public facilities under Urban Planning Law before expropriation.

       NTBNA explains that an individual could file income tax return by filling an application form of the individual house and land transactions income tax return with the photocopies of a property contract, relevant documents and payment receipt (if tax payable is not 0) with the competent tax collection authority over the location of the household registration. Moreover, NTBNA recommends to file income tax return online by using the individual house and land transaction income tax e-Filing system at https://tax.nat.gov.tw within the prescribed reporting period to save you time. 

       If you have any questions regarding the e-filing of Individual House and Land Transactions Income Tax return, please log on to the web-page of the Individual House and Land Transactions Income Tax section on the official website of the NTBNA (https://www.ntbna.gov.tw), or dial the toll-free service number 0800–000321 for further information.