The amount of the estate tax, the gift tax exemption, the taxable amount, the amount not included in the total amount of the estate and the amount of deductions for the inheritance or gift cases that occurred in the year of 108.

Treasury announcement inheritance or gift cases occurred 108 years applicable estate and gift tax (called bequest tax under) Act of allowance from the taxable amount level, are not included in the gross estate and the amount of the deduction as follows:

First, Estate tax

(1) Tax exemption: NT$ (the same below) of 12 million yuan.

(2) Amount of taxation level:

1. For those with a net worth of less than RMB 50 million, 10% of the tax will be imposed.

2. If the amount exceeds 50 million yuan to 100 million yuan, the amount will be 5 million yuan, plus 15% of the part exceeding 50 million yuan.

3. For those who exceed 100 million yuan, the class will be RMB 12.5 million, plus 20% of the part of RMB 100 million.

(3) The amount not included in the total amount of the estate:

1. The equipment and utensils necessary for the daily life of the heir: the part below 890,000 yuan.

2. The tool of the heir’s occupation: the part below 500,000 yuan.

(4) Deduction:

1. Spouse deduction: 4.93 million yuan.

2, direct blood relatives deducted relatives: 500,000 yuan per person. Those who are under the age of 20 may be deducted 500,000 yuan per year according to the age of their 20-year-old age.

3. Parent deduction: RMB 1.23 million per person.

4. Special deductions for severe physical and mental disabilities: RMB 6.18 million per person.

5. The deduction of brothers and sisters and grandparents supported by the heirs: 500,000 yuan per person. Among the brothers and sisters, those under the age of 20 may be deducted 500,000 yuan per year according to the age of their 20-year-old age.

6. The amount of funeral expenses deducted: 1.33 million yuan.

Second, the gift tax

(a) tax allowance: 2.2 million yuan per year.

(2) The amount of taxation level:

1. If the net gift is less than 25 million yuan, 10% of the tax will be imposed.

2, more than 25 million to 50 million yuan, the class was 2.5 million yuan, plus 15% of the part of more than 25 million yuan.

3. For those who exceed 50 million yuan, the class will be 6.25 million yuan, plus 20% of the part over 50 million yuan.

The Ministry of Finance stated that according to the first item of Article 12 of the Taxation Act, the amount of the estate tax and the gift tax is increased by more than 10% each time the consumer price index has increased by more than 10%. Adjusted according to the degree of increase from the following year; since the average consumer price index applicable in the year of 108 has not reached the adjustment standard, it is exempt from adjustment.

The above announced amount is applicable to the succession or gift case that occurred in 108 years. The content of the announcement can be found on the website of the Department of Taxation Click on “Public Information\Taxation Regulations\Administrative Rules\Lefts Relevant regulations on tax laws\108 estate tax and gift tax allowance, not included in the total amount of the estate and the amount of deductions.

Source: Ministry of Finance