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2024 Elections: Candidates for VP criticise each other's energy plans

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TPP's Wu guns for sovereign wealth fund proposal

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TPP's Wu working to fix disclosures

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《TAIPEI TIMES》 TPP's Wu working to fix disclosures - 焦點

《TAIPEI TIMES》 TPP's Wu working to fix disclosures - 焦點
ltn.com.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ltn.com.tw Daily Mail and Mail on Sunday newspapers.

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Legislature reduces taxes artists pay on sold works

Legislature reduces taxes artists pay on sold works
By Chien Hui-ju and William Hetherington / Staff reporter, with staff writer
The Legislative Yuan on Friday passed an amendment to reduce the taxes artists pay on income from auctioned art.
The amendment which replaces the Culture and Arts Reward Act (文化藝術獎助條例) with the Culture and Arts Reward and Promotion Act (文化藝術獎助及促進條例) stipulates that proceeds from art sales are to be taxed on a per-transaction basis, and not reported as part of an artist’s annual income. Taxes would be calculated as 20 percent of 6 percent of the final transaction amount which reduces the tax from the income of a sold artwork by 1.2 percent. ....

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