Newspaper article China Post

A Friendly Reminder from the Taxman

Newspaper article China Post

A Friendly Reminder from the Taxman

Article excerpt

TAIPEI, Taiwan -- With more people turning to home businesses to counter widespread salary freezes, the National Taxation Bureau warned small office and home office (SOHO) operators Monday that they're weren't exempt from business-related taxes.

Anyone who sets up a workshop at home should register their household as being used for business purposes so that their payable land and housing taxes were calculated according to the rates for commercial operations, bureau officials said.

Those seeking to engage in SOHO operations at rental properties should consult with potential landlords in advance to avoid rental disputes that may result from the calculation of land and housing taxes, according to the bureau.

Under the existing tax law, SOHO operators are not required to pay business tax or business income tax on monthly revenue under NT$80,000 from the merchandise trade and under NT$40,000 from labor services. …

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