Act for the Development of Tourism Article 49

The land value tax and the housing tax levy on the real estate for direct use by the tourist amusement enterprise, tourist hotel enterprise, and hotel enterprise which have supported government tourism policy for raising the quality that have been approved by the central administrative authority during the operation period may be reduced or completely exempted at the discretion of the authorities.The real estate in the preceding paragraph, which is created superficies or leased by the tourist amusement enterprise, tourist hotel enterprise, and hotel enterprise, is conditioned on that the owners of the real estate give the all of the land value tax and the housing tax reductions to the superficiary or the lessee and pending verification by the central administrative authority.The self-governance ordinance on the period, scope, criteria, and procedures for tax exemption in paragraph 1 shall be prescribed by the municipal, county (city) competent authority, and shall be reported to the Ministry of Finance for future reference.The standards for the recognition of tourist amusement enterprise, tourist hotel enterprise and hotel enterprise which have supported government tourism policy for raising the quality in paragraph 1 shall be drawn up by the Ministry of Transportation and Communications and reported to the Executive Yuan for approval.Tax preference in paragraph 1 shall be limited to five years. The Executive Yuan may, before the period expires, extend the tax preference period once for up to five years.