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미래전략 연구소2020-05-06T16:12:39+09:00

Taiwan 2020 Introduction of gift tax in Taiwan

Date
2020-10-07 18:02

Introduction of gift tax in Taiwan

 

Tax basis

For donors who are Taiwan citizens AND continuously reside in Taiwan, all properties given shall be subject to gift tax, irrespective of whether the property is located within Taiwan or not.

For donors who are Taiwan citizens but not continuously reside in Taiwan or foreigners, properties only located within Taiwan given by the donors shall be subject to gift tax.

 

Exemption

There is an exempted amount at NTD$2,200,000 for a donor per taxable year.

 

Tax rate

Since May 12th, 2017, the gift tax was adopted to use the progressive tax rate as below:
Taxable amountTax rate
NTD$0 ~ 25,000,00010%
NTD$25,000,001 ~ 50,000,00015%
Over NTD$50,000,00020%
The payable amount for gift tax is calculated by the total amount of gifts given by the donor in the taxable year, minus the exemption and deductions if any, and then multiply by the prescribed tax rate.