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Customs Tariffs Gift Tax

Customs duties, including valuation and classification, Taxable Value of Gift (NT$) Tax Progressive
are levied in accordance with the Agreement on Rate Difference(NT$
Customs Valuation, World Trade Organization, and 25,000,000 or less 10% 0
Harmonized Commodity Description and Coding 25,000,001 - 50,000,000 15% 1,250,000
System (HS) of the World Customs Organization. In 50,000,001 or more 20% 3,750,000
calculating customs tariff, ad-valorem tariff is primary;
specific tariff and compound tariff are secondary.
The customs value of imported goods subject to ad Securities Transaction Tax
valorem duties shall be determined and calculated on
thebasis of the transaction value. The term "transaction Any trading of stocks, corporate bonds, and other
value"means the price actually paid or payable for the securities approved by the government for public
imported goods sold from the exporting country to offering shall be subject to a securities transaction tax
Taiwan. based on the price of each transaction.

Tobacco and Alcohol Tax Futures Transaction Tax

Tobacco and alcohol products, whether manufactured For futures exchange transactions in Taiwan, both buyers
domestically or imported, are subject to the tobacco and sellers shall be subject to a futures trading tax.
and alcohol tax. A health and welfare surcharge is also
levied on tobacco products. Introduction to Local Taxes

Explanation
Estate Tax and Gift Tax Type of Tax Except for land that is subject to the

When a Taiwan national who is a resident of Taiwan Land Value agricultural land tax (currently suspended),
land that has been assigned a value in
Tax
dies or presents a gift, the estate tax or gift tax is levied Taiwan is subject to the land value tax.
on his or her entire estate and all property transferred Land that has been assigned a value
by gift, whether domestic or foreign. For a Taiwan in Taiwan is subject to the land value
Land Value
national who is a non-resident or a non-Taiwan citizen, Increment Tax increment tax based on the total amount of
only the portion of property which is inside Taiwan is land value increment at the time of transfer
subject to the estate tax and gift tax. of the land title.
The house tax is levied on all houses that
A taxpayer who inherits property through death must House Tax are attached to land within the Taiwan
file an inheritance tax declaration within six months from territory and on such other buildings which
enhance the utility value of those houses.
the date of death.
For building transactions involving sale,
The inheritance amount exempt from the estate tax the creation of lien, exchange, bestowal,
is NT$ 13.33 million. Furthermore, if the investment in Deed Tax partition, or acquisition of ownership
by virtue of possession, the taxpayer is
Taiwan made by the inheritor meets the provisions of required to report the transaction and pay
the "Regulations on Preferential Estate Tax on Approved the deed tax.
Investment by Returning Overseas Chinese", then an Various kinds of documents as specified
estimate of the approved value of the inheritance may in the Stamp Tax Act and drawn up in the
be calculated according to the "Estate and Gift Tax Act", Taiwan territory are subject to the stamp tax.
of which 50% is deducted and exempt from the "Estate Stamp Tax If a document has been drawn up in several
and Gift Tax Act." countries and is signed by one of the parties
within Taiwan territory, it is legally subject to
the stamp tax.
Estate Tax The owner or user of transportation
Value of Inheritance Tax Progressive equipment that uses public roads or
€NT$ Rate Difference(NT$ waterways in Taiwan, regardless of
Vehicle
50,000,000 or less 10% 0 License Tax purpose, whether public, private, or military,
is required by law to obtain a vehicle license
50,000,001 - 100,000,000 15% 2,500,000 and pay the vehicle license tax in addition to
100,000,001 or more 20% 7,500,000 obtaining required permits and paying fees
as provided by various laws.
When the taxpayer of the gift tax is the donor Amusement tax shall be levied on tickets
sold or fees charged by amusement places,
party, the annual tax exemption for each donor facilities or activities; if the amusement
party is NT $2.44 million. For gifts exceeding the Amusement places, facilities or activities do not sell
exempted amount, the gift tax declaration shall Tax tickets but supply drinks or entertainment
be filed within 30 days of the giving of the gift. facilities for a fee, the amusement tax shall
be levied on the amount of charges
Source: Taxation Administration, Ministry of Finance (http://www.dot.gov.tw)
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