Rental Housing Market Development and Regulation Act Article 18

The municipal governments and the county (city) governments may reduce the land value tax and housing tax on rental housing which fulfills the requirements of the preceding Article.The self-governance ordinance on the period, scope, standard, and procedures for tax reduction in the preceding Paragraph shall be prescribed by the competent authorities in municipalities and counties (cities), and shall be reported to the Ministry of Finance for future reference.Tax reduction referred to in the first Paragraph shall be limited to five years. The Executive Yuan may extend the tax reduction period at most once based on the actual situation six months before the period expires.