- Taiwan’s National Taxation Bureau clarified that only donations to qualifying registered foundation-type charitable/religious entities (or approved ancestor worship guilds) can be excluded from gift tax.
- In the cited case, land worth TWD 6 million was donated to an individual manager of a religious organization, not to the properly registered legal entity.
- Because the legal requirements for exclusion were not met, and the heirs could not prove the recipient was merely a nominee, the donation was taxable.
- The recipient was treated as the gift tax taxpayer and assessed TWD 356,000 in gift tax after applying the annual exemption.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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