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What are the most common taxes in Taiwan?

The primary types of taxes are personal income tax ranging from 5% to 40%, corporate tax at 20% along with a 5% surtax on undistributed earnings, and property tax which varies from 1% to 5.5% for Land Value Tax, 20% to 40% for Land Value Increment Tax (LVIT), and 1.2% to 3.6% for House Tax. These taxes are imposed by the government to raise funds for public expenditures on infrastructure, education, healthcare, and other vital services.

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