Estate and Gift Tax Act Article 12-1

The following amounts stipulated in this Act shall be adjusted according to the degree of increase starting from the following year whenever the cumulative increase in the consumer price index reaches 10% or more compared with the last adjusted index. The adjusted amount shall be calculated in units of NT$10,000, and if it does not reach the NT$10,000, it shall be calculated as a unit of NT$10,000 and rounded up or down to the nearest NT$10,000 using the traditional method:1.Tax exemption.2.Amount of tax bracket.3.The amount of appliances and utensils necessary for the decedent's daily life and professional tools that is excluded from the gross estate.4.Deductions for the deceased’s spouse, direct descendants, parents, brothers and sisters, grandparents, funeral expenses deductions and special deductions for the disabled.Before the end of December each year, the MOF shall, in accordance with the provisions of the preceding paragraph, calculate the applicable amounts for inheritance or gift cases occurring in the following year and then announce them. The referred to in the preceding paragraph consumer price index refers to the average consumer price index for the twelve months starting from November of the previous year to the end of October of the current year as announced by the Directorate-General of Budget, Accounting and Statistics of the Executive Yuan.