Reported 10 months ago
The National Taxation Bureau of South District stated on June 19, 2024 at 7:30 p.m. that regardless of how heirs agreed to divide an inheritance, no gift tax would be levied. Even if an heir receives less than the 'statutory share' according to the Civil Code, they are not required to report gift tax to the tax bureau. The bureau clarified that heirs can present a proof of inheritance tax payment or exemption when registering the division of the estate, exempting them from gift tax obligations. The article further explains the distinction between inheritances agreed upon by heirs and the statutory division, elaborating on scenarios of estate division and potential gift tax implications under Taiwan's inheritance tax system.
Source: YAHOO