Professional Engineers Act Article 28

The provincial (municipal) professional engineer associations, which were organized before the enforcement of the amended provisions in this Act on May 31th, 2011, may be organized into the national association of each engineering branch or several engineering branches after the merger resolution of the general assembly and application to the central competent authority of civil associations for approval.An engineering branch of a national professional engineer association merged with the provincial (municipal) associations shall not be established another association for the same branch within the same administrative region unless the national association is dissolved by a resolution.The residual property of professional engineer associations of respective engineering branch merged into a national association in Paragraph 1, after the resolution of the general assembly and application to the central competent authority of civil associations for approval, may belong to the national association. The following provisions apply to the transfer of the property:1. All written deed certificates are exempted from stamp tax.2. The transferred securities are exempted from securities transaction tax.3. The transferred goods or labor are not within the scope of business tax.4. The transferred real estate is exempted from deed tax and land value increment tax. However, when the land is transferred again, the original prescribed land price before the merger or the present value of the previous transfer shall be used as the original land price. The price increase shall be calculated and the land increment tax shall be levied.