On 8 October 2026, the National Taxation Bureau (NTB) of Taiwan issued a press release clarifying the procedural rights of taxpayers whose assets have been subjected to provisional seizure due to tax arrears. Under the Administrative Execution Act and relevant tax collection statutes, a taxpayer may apply for the release of a provisional seizure by providing security—such as a bank guarantee, real property mortgage, or other negotiable instruments—equivalent to the outstanding tax liability, including penalties and interest. This measure aims to balance the State’s secured interest in tax collection with the taxpayer’s right to dispose of assets for business continuity. The guidance specifies acceptable collateral types, valuation standards, and the administrative process for submission to the local branch of the Administrative Enforcement Agency. Taxpayers should note that the release is conditional; failure to settle the underlying tax debt within the prescribed period may result in re-seizure or conversion to compulsory enforcement.
Key Takeaways
- Collateral Equivalence Requirement: The security provided must match the total arrears amount, including accrued penalties and interest, as certified by the tax authority at the time of application.
- Acceptable Security Forms: Bank guarantees, government bonds, real estate mortgages, and negotiable certificates of deposit are explicitly recognized; personal surety bonds are generally not accepted for corporate taxpayers.
- Procedural Timeline: Upon submission of complete documentation, the enforcement agency must rule on the release within 10 business days; taxpayers may appeal a rejection through administrative litigation channels.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement