No Business Tax on Inherited Sole Proprietorship Assets; Tax Applies Only to Business Transfers

• When a sole proprietorship owner dies, the heir inheriting the business’s inventory and fixed assets is exempt from business tax.
• If the heir continues the business and changes the responsible person or business name, the inherited goods and assets are not considered sales and are tax-exempt.
• If the business is simply transferred to another person (not by inheritance), the transfer of inventory and assets is considered a sale and subject to business tax and invoice issuance.
• For questions, citizens can call the free service hotline or use the online tax assistant on the National Taxation Bureau’s website.

Source: mof.gov.tw

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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