Asset Declaration by Public ServantsAsset Declaration by Public Servants
Standard Procedures Instructions I.Asset Declaration by Public Servants How to submit and accomplish asset declarations as required of public officials:
4.Declarant shall refer to the data provided by the Revenue Service or National Tax Administration on nationwide personal property or overall property income when filling out the section on real estate (land or buildings). However, only the assets owned at the material time of submission shall be declared. All land and buildings, regardless of area or size, should be declared, with the time and means of acquisition specified. Properties acquired within five years prior to the day of declaration should also be declared, with the price of acquisition specified as well. 5.When providing information on private vehicles, vessels, and aircraft, please specify the license number or the engine number. Vehicles owned separately by the declarant, his/her spouse, or underage children, should be declared separately, with the time and method of acquisition specified. Vehicles acquired within five years prior to the day of declaration should also be declared, with the price of purchase specified. 6.Declarants are required to disclose cash and savings under separate names (the declarant, his/her spouse, and underage children) with separate values greater than one million NT dollars each. Please register the bankbook with a financial institution and specify in the prescribed form the account balance on the day of declaration. Note that regular deposits and preferential interest deposits (dedicated to veterans, public servants and public school teachers), should also be disclosed. 7.The declarant shall make an itemized declaration of valuable papers under separate names (declarant, spouse, and underage children) with a total value equal to and greater than one million NT dollars. Other valuable papers the declarant bought on margin should also be declared. 8.Jewelry, antiques, precious calligraphy and paintings, and other valuable assets with separate values equal or greater to 200,000 NT dollars should be declared. Copyrights, gold bars, and structured financial products owned by the declarant his/her spouse or underage children should also be declared as assets. 9.Insurance” refers to insurance policies for “savings-type life insurance,” “investment-type life insurance,” and “annuity insurance,” all of which should be declared when the insured party is the declarant, his/her spouse, or underage children, regardless of the amount of premium paid. In the event that the declarant has multiple insurance policies issued by a single company covering the same insurable interest, the total number of policies should be specified in the “Notes” column or declared item by item. 10.Credit and liabilities owned by the declarant, his/her spouse, and underage children with separate values equal or greater to one million NT dollars should be declared. Please obtain the account balance of the said credit and liabilities from a relevant financial institution and specify the amount in the declaration form. The date and means of acquisition should also be specified. Credits assigned to an asset management company by the said financial institution should also be declared as private assets. 11.The date and means of acquisition for real and nominal investments under separate names (namely the declarant, his/her spouse, and underage children) with a total value equal to or greater than one million NT dollars each should be declared. 12.Please specify by writing in the “Notes” column any properties/assets owned by the declarant, his/her spouse and underage children to which the above categories do not apply, or any other statements deemed necessary. 13.Please double check if all assets required under the provisions of the Act on Asset Declaration by Public Servants have been included and that all required fields are filled. Any additions, deletion, or correction should be accompanied by a personal seal. Please authenticate the form by signing or stamping a personal seal on the space next to “Declarant” on the final page. The declaration may personally delivered or mailed by post to the Control Yuan addressed to the Department of Asset Declaration by Public Servants. |