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Nonresident Speculation Tax
UPDATE
The Ministry of Finance recommends that all transfers registered on or after April 21, 2017,
include one of the three statements regarding the Nonresident Speculation
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What is non-resident speculation tax?
Non-resident speculation tax is a tax imposed on foreign buyers who purchase residential properties in certain areas.
Who is required to file non-resident speculation tax?
Foreign buyers who purchase residential properties in designated areas are required to file non-resident speculation tax.
How to fill out non-resident speculation tax?
Non-resident speculation tax can be filled out online or through paper forms provided by the tax authorities.
What is the purpose of non-resident speculation tax?
The purpose of non-resident speculation tax is to deter foreign buyers from driving up property prices in certain areas.
What information must be reported on non-resident speculation tax?
Information such as the property address, purchase price, and buyer's residency status must be reported on non-resident speculation tax.
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