On 2026/07/30, the Taiwan Tax Bureau approved a legislative amendment to the Gift and Estate Tax Law, tightening reporting thresholds and expanding the scope of taxable transfers. The amendment raises the taxable gift exemption limit from NT$10 million to NT$20 million per donor per year, while introducing a progressive tax rate up to 10% for high‑value transfers exceeding NT$50 million. Additionally, the law now requires electronic filing of gift declarations through the Bureau’s portal, with mandatory verification of recipient identity. The changes aim to curb tax evasion and increase revenue from high‑net‑worth individuals.
Key Takeaways
- Effective Date: 2026/07/30
- Exemption Increase: NT$10 million → NT$20 million
- New Rate: Up to 10% on transfers > NT$50 million
Source: Read Original Announcement