Estate and Gift Tax Act Article 30

The taxpayer of estate tax or gift tax shall, within two months from the date of receiving the tax payment notice from the tax authority, settle the payable tax; if necessary, taxpayer may apply to the tax authority for a two-month extension within the specified period.If the amount of estate tax or gift tax payable exceeds NT$300,000 or more and the taxpayer encounters difficulties in making a lump-sum cash payment, they may, within the tax payment period, apply to the competent tax authority to pay in installments over a period of up to eighteen months, with each installment not exceeding two months apart.For those who have applied for installment payments, interest shall be accrued from the day after the payment deadline until the date of payment by the taxpayer, based on the fixed interest rate of one-year term deposit of Postal Saving Fund; in case of interest rate changes, the calculation shall be based on the revised interest rate.If the amount of estate tax or gift tax payable exceeds NT$300,000 or more and the taxpayer encounters difficulties in making a lump-sum cash payment, they may, within the tax payment period, apply to offset the insufficient cash payment with taxed property within the territory of the R.O.C. or with tangible assets owned by the taxpayer that are easy to redeem for cash and be preserved. For taxed property within the territory of the R.O.C. that do not easily redeem or preserve, or if the market value at the time of application for offsetting is lower than the value at the time of death or gift, the amount of tax that can be offset shall be limited to the proportion of the value of the property available for offsetting to the total value of the taxable property.For undecided cases which occurred prior to the implementation of amendments made on January 12, 2009, the provisions of the preceding three paragraphs shall apply. However, if the provisions before the amendments are more favorable to the taxpayer, the provisions before the amendments shall apply.The assessment of the value of property for offsetting in the fourth paragraph shall be determined by the MOF.For inherited property collectively owned by a joint ownership by the heirs, and if the inherited property is solely owned or held in fractional ownership by the deceased, an application for offsetting may be made with the consent of more than half of the heirs and their proportional shares greater than a half, or with the consent of more than two-thirds of the total proportional shares of the heirs, without being subject to the restriction in Paragraph 3, Article 828 of the Civil Code.