TNC Business Strategy Research
Taiwan 2020 Introduction of gift tax in Taiwan
Introduction of gift tax in Taiwan
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.
There is an exempted amount at NTD$2,200,000 for a donor per taxable year.
Since May 12th, 2017, the gift tax was adopted to use the progressive tax rate as below:
|Taxable amount||Tax rate|
|NTD$0 ~ 25,000,000||10%|
|NTD$25,000,001 ~ 50,000,000||15%|