Property given away by a donor who is a non-ROC citizen shall be subject to gift tax only to the extent that the property is located within the ROC.
The NTBCA indicates that taxable gifts means the total amount of gifts made during the calendar year by the donator, less an annual exemption of NT$2,200,000. The tax brackets and rates of consolidated gift tax are as follows:
(1)If the taxable gifts is less than or equal to NT$25,000,000, the tax rate shall be 10%.
(2)If the taxable gifts is above NT$25,000,000 to NT$50,000,000, the gift tax payable shall be NT$2,500,000 plus 15% for the portion of gifts more than NT$25,000,000.
(3)If the taxable estate is above NT$50,000,000, the gift tax payable shall be NT$6,250,000 plus 20% for the portion of gifts more than NT$50,000,000.
For example, Mr. Lin is a non-ROC citizen. He donated his land which is located in Taichung city to his daughter and the government assessed value as published is NT$10,000,000. The gift tax payable of Mr. Lin shall be NT$780,000.〈(NT$10,000,000-NT$2,2000,000)×10%〉
For more information, you are welcome to call our toll-free telephone no.: 0800-000321. We will serve you with all sincerity. (News offered by Mr. Che-Hao Lee, Second Examination Division. Telephone No.: 04-23051111, Ext. 2236.)