Issuance of  Decree No. 11304671330 by the MOF on November 28, 2024.

1. Estate Tax

(1) Exemption: NT$13,330,000.

(2) Tax Brackets and Rates:

① If the net taxable estate is NT$56,210,000 or less, the tax will be levied at 10%.

② If the net taxable estate is above NT$56,210,000 but not more than NT$112,420,000, the estate tax payable shall be NT$5,621,000 plus 15% for the portion of estate more than NT$56,210,000.

③ If the net taxable estate is above NT$112,420,000, the estate tax payable shall be NT$14,052,500 plus 20% for the portion of estate more than NT$112,420,000.

(3) Exclusions from the gross estate:

① Tools and equipment necessary for the daily life of the deceased, valued at NT$ 1,000,000 in total or less.

② Tools necessary for the profession of the deceased, valued at NT$560,000 in total or less.

(4) Deductions:

① Deduction for the deceased's spouse: NT$5,530,000.

② Deduction for a lineal descendant is NT$560,000 per person. If the heir is underage, an additional NT$560,000 shall be deducted for each year until they reach adulthood. 

③ Deduction for parents: NT$1,380,000 per person.

④ Special deduction for the severely disabled: NT$6,930,000 per person.

⑤ Deduction for dependent siblings and grandparents of the decedent is NT$560,000 per person. If any sibling is underage, an additional NT$560,000 shall be deducted for each year until they reach adulthood.  

⑥ Deduction for funeral expenses: NT$1,380,000.

2. Gift Tax

(1) Exemption: NT$2,440,000 per year.

(2) Tax Brackets and Rates:

①If the net taxable gifts are NT$28,110,000 or less, a 10% tax will be levied.

②If the net taxable gifts are above NT$28,110,000 but not more than NT$56,210,000, the gift tax payable shall be NT$2,811,000 plus 15% for the portion of gift more than NT$28,110,000.

③ If the net taxable gifts are above NT$56,210,000, the gift tax payable shall be NT$7,026,000 plus 20% for the portion of gift more than NT$56,210,000.