Private School Act Article 68

Upon the merger of a school legal person with another school legal person, or a private school with another private school, and with the approval of the competent authority of legal persons, the legal person registration shall be updated according to the law. When applying for the registration of the transfer of immovable property, movable property that requires registration, and various secured claims as a result of the merger, the registration may be processed with a letter of approval from the competent authority of legal persons, and the processing fee, stamp duty, and deed tax may be waived.Marketable securities transferred as a result of the merger are exempt from the securities transaction tax. The transfer of goods or services is not subject to business tax.When land owned by a school legal person is transferred due to the merger, the land value increment tax payable shall be recorded and deferred. It shall be paid when the school legal person that inherits the land transfers it again. If the school legal person that inherits the land dissolves, the recorded land value increment tax shall have priority over all other claims and mortgages in repayment.