The taxation in Taiwan divides in two systems, the national tax and the local tax. The tables below list the details.
List of National Taxes |
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1 |
Customs Duties |
Collected by the Directorate General of Customs, Ministry of Finance |
2 |
Income Tax |
Collected by National Tax Administrations of each county/city (Residents in Taipei City pay to Taipei National Tax Administration) |
3 |
Estate and Gift Tax |
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4 |
Commodity Tax |
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5 |
Securities Transactions Tax |
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6 |
Futures Transactions Tax |
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7 |
Business Tax |
Collected by Revenue Service Offices of each county/city from 1st July 1999. After 1st January 2003, collected by National Tax Administration. |
8 |
Tobacco and Alcohol Tax |
Implement on 1st January 2002 |
List of Local Taxes |
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1 |
Stamp Tax |
Collected by Revenue Service Offices of each county and city (Residents in Taipei City pay to Taipei Revenue Service Office) |
2 |
Vehicle License Tax |
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3 |
Land Value Tax |
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4 |
Agricultural Land Tax |
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5 |
Land Value Increment Tax |
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6 |
House Tax |
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7 |
Deed Tax |
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8 |
Amusement Tax |
The procedures of declaration are simple and the tax collection process is transparent. Therefore, we can well say that the taxation system in Taiwan is good. The government continues the tax reforms to respond to the economic situation.