The Northern District National Taxation Bureau of the Ministry of Finance stated that according to Article 12-1 of the Estate and Gift Tax Act, whenever the consumer price index increases by more than 10% compared to the last adjustment, the tax bracket amount will be adjusted according to the increase starting from the following year.
The bureau explained that for inheritances occurring after January 1, 2015, the following adjusted estate tax brackets will apply:
1. For estates with a net value of NT$56.21 million or less, a 10% tax will be imposed
2. For estates with a net value between NT$56.21 million and NT$112.42 million, a tax of NT$5.621 million plus 15% of the value of the estate exceeding NT$56.21 million will be imposed.
3. If the net estate exceeds NT$112.42 million, a tax of NT$14,052,500 plus 20% of the amount exceeding NT$112.42 million will be imposed.
The quick calculation formula is shown in the attached table.
If you have any questions, please call the bureau’s free service number 0800-000321 and someone will serve you.
Contact person for press release: Mr. Guo, Inheritance Tax Group, Institute of Integrated Law, Tel: (03) 3396789 ext. 1460
Please use the form below to contact us, we will reply you as soon as possible. If you do not get a response after 48 hours, please contact us using another email account, thank you.
