The Executive Yuan passed a draft bill of the amended “Specifically Selected Goods and Services Tax Act” on December 19, 2013.  The draft bill proposes a minor expansion in the scope of taxable goods and services, a further tightening of certain exemptions, and authorizes the Ministry of Finance to promulgate further exemptions if necessary.  Highlights include:

  1. adding “non-urban industrial land where building permits can be issued” as a new taxable item;
  2. further tightening the “residential house swap” exemption, requiring proof of actual residence; and
  3. authorizing the Ministry of Finance to further promulgate exceptions if necessary.