ALSO TRANSPORTATION: An amendment that would cut taxes on local firms involved in sea transport and aviation between Taiwan, Hong Kong and Macau was passed

Taipei Times
Date: Nov 29, 2017
By: Sean Lin  /  Staff reporter

The Property Rental Market Development and Regulation Act (租賃住宅市場發展及管理條例), which is to give tax deductions to landlords who entrust their properties to a management facility, was passed by the Legislative Yuan yesterday.

The rule was proposed by the Ministry of the Interior to encourage landlords to use professional management firms so they would be encouraged to lease properties to meet a growing demand for rentals.

Under the act, landlords who hire firms to manage their rental properties will be exempt from paying income taxes on the rent they collect if the monthly rent is under NT$6,000, and will be given a 47 percent tax deduction if the monthly rent is between NT$6,000 and NT$20,000.

Properties that command monthly rents of more than NT$20,000 will not qualify for tax deductions, the act states.    [FULL  STORY]