May Tax Season Approaches, Experts Remind of Two Key Points for Comprehensive Income Tax Filing
As May tax season approaches, experts warn that the basic living expense for each person has been raised to NT$213,000, and the special deduction for long-term care has also increased to NT$180,000. Additionally, significant changes are coming to the inheritance and gift tax system following a Constitutional Court ruling.
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- 📰 Published: April 30, 2026 at 18:14
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Central News Agency (Taipei, April 30) - As May tax season approaches, experts today reminded that when filing this year, individuals should note that the basic living expense for each person has been raised to NT$213,000, and the special deduction for long-term care has also been increased to NT$180,000. Citizens must prepare relevant documents in advance for subsequent verification.
KPMG Taiwan today held a seminar on 2025 (R.O.C. Year 114) comprehensive income tax filing and family wealth succession issues.
Hung Ming-hung, a practicing accountant in KPMG Taiwan's Tax and Investment Department, pointed out that this year, not only have comprehensive income tax regulations been adjusted, but new regulations closely related to individual asset allocation and family wealth succession have also been successively launched. Taxpayers should grasp the content of the new system early to avoid additional tax risks or subsequent disputes arising from neglecting details.
Ko Pei-yi, a manager in KPMG Taiwan's Tax and Investment Department, noted that for this year's filing, "the basic living expense for each person" has been raised to NT$213,000, which is expected to alleviate the tax burden on the public. The special deduction for long-term care has also been increased to NT$180,000, while maintaining the anti-wealthy clause. Taxpayers intending to apply for this deduction must pre-confirm whether they meet the conditions and properly keep relevant supporting documents for subsequent verification.
At the same time, Ko Pei-yi reminded that if individuals obtain interest, dividends, or transaction income through overseas brokers or platforms, they must self-report and supplement the records to avoid under-reporting. Furthermore, after uploading the declaration data, it is necessary to confirm that the tax filing system displays "Declaration Completed" (mobile version) or "Declaration Upload Successful" (online version) messages to be considered a complete filing.
In addition, the inheritance and gift tax system, which is closely related to individual tax burdens, is also expected to undergo significant changes. Hung Ming-hung stated that in response to the Constitutional Court's declaration in October 2024 that some provisions of Article 15 of the Estate and Gift Tax Act were unconstitutional, the Ministry of Finance already announced a draft amendment and formulated transitional rules in January 2026. In the future, for property gifted to spouses, heirs in various orders, and their spouses within two years before the decedent's death (i.e., deemed inheritance), the "donee" will bear the estate tax on such deemed inheritance, and the tax amount will be calculated based on the proportion of the gift received.
Hung Ming-hung pointed out that, at the same time, deemed inheritance will also be included in the deduction for the spouse's claim for distribution of the residual marital property, which will help reduce the spouse's tax burden. He reminded that when individuals plan to gift property, they should simultaneously consider whether they might be affected.
He emphasized that although this amendment improves the taxpayer's burden mechanism, when considering wealth succession, a holistic assessment should still be made based on one's family structure and asset characteristics. Combining diverse tools such as wills, trusts, and insurance can effectively reduce disputes and achieve succession goals. (Edited by Zhai Sijia) 1150430
KPMG Taiwan today held a seminar on 2025 (R.O.C. Year 114) comprehensive income tax filing and family wealth succession issues.
Hung Ming-hung, a practicing accountant in KPMG Taiwan's Tax and Investment Department, pointed out that this year, not only have comprehensive income tax regulations been adjusted, but new regulations closely related to individual asset allocation and family wealth succession have also been successively launched. Taxpayers should grasp the content of the new system early to avoid additional tax risks or subsequent disputes arising from neglecting details.
Ko Pei-yi, a manager in KPMG Taiwan's Tax and Investment Department, noted that for this year's filing, "the basic living expense for each person" has been raised to NT$213,000, which is expected to alleviate the tax burden on the public. The special deduction for long-term care has also been increased to NT$180,000, while maintaining the anti-wealthy clause. Taxpayers intending to apply for this deduction must pre-confirm whether they meet the conditions and properly keep relevant supporting documents for subsequent verification.
At the same time, Ko Pei-yi reminded that if individuals obtain interest, dividends, or transaction income through overseas brokers or platforms, they must self-report and supplement the records to avoid under-reporting. Furthermore, after uploading the declaration data, it is necessary to confirm that the tax filing system displays "Declaration Completed" (mobile version) or "Declaration Upload Successful" (online version) messages to be considered a complete filing.
In addition, the inheritance and gift tax system, which is closely related to individual tax burdens, is also expected to undergo significant changes. Hung Ming-hung stated that in response to the Constitutional Court's declaration in October 2024 that some provisions of Article 15 of the Estate and Gift Tax Act were unconstitutional, the Ministry of Finance already announced a draft amendment and formulated transitional rules in January 2026. In the future, for property gifted to spouses, heirs in various orders, and their spouses within two years before the decedent's death (i.e., deemed inheritance), the "donee" will bear the estate tax on such deemed inheritance, and the tax amount will be calculated based on the proportion of the gift received.
Hung Ming-hung pointed out that, at the same time, deemed inheritance will also be included in the deduction for the spouse's claim for distribution of the residual marital property, which will help reduce the spouse's tax burden. He reminded that when individuals plan to gift property, they should simultaneously consider whether they might be affected.
He emphasized that although this amendment improves the taxpayer's burden mechanism, when considering wealth succession, a holistic assessment should still be made based on one's family structure and asset characteristics. Combining diverse tools such as wills, trusts, and insurance can effectively reduce disputes and achieve succession goals. (Edited by Zhai Sijia) 1150430