Foreign residents in Taiwan that suffered personal or corporate property damaged from a typhoon are eligible for a tax deduction, a tax expert said yesterday.
"Any foreigner who has resided in Taiwan for more than 183 days over the past year can file a tax report with their local tax agency, and any damages incurred from Typhoon Nari can be included," said Joseph Ni (
The key to making a claim without a lot of bureaucratic headaches is keeping the amount reasonable. Claims need to be filed within 30 days of the incident.
If total damages are under NT$150,000, the application procedure is very simple: Fill out a personal damage application supplied by the tax bureau and have it stamped by the head of your community borough (里長). Once completed, file the application with the Tax Bureau and keep the receipt, Ni said. Attach the receipt to the tax return and "you should get a tax deduction," he said.
If total damages are higher than NT$150,000, tax officials will require photos of the damages and they may wish to conduct an on-site inspection, he said. Business owners who incur property damaged from a typhoon are eligible to apply for a corporate income tax deduction.
"For a business, any damage under NT$750,000 will require the filing of a damage claim application," Ni said.
If the claim is for more than NT$750,000, photos of the damage are required and officials may want to inspect the site, he said.
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