Amendments to the "Estate and Gift Tax Act" were passed by the Legislative Yuan on 25 April 2017 and promulgated by the President on May 10 of the same year. A three-tier progressive tax structure has been adopted to replace the original 10% flat rate (i.e. judging by the net value of the estate/gift and the applicable tax bracket, a 10%, 15% or 20% tax rate will apply). Article 58-2 of the "Estate and Gift Tax Act" further provides that as the tax revenues from these amendments will be appropriated into the special fund set up under the "Long-term Care Services Act" to cover long-term care expenditures, the "Act Governing the Allocation of Governing Revenues and Expenditures" does not apply to such revenues.

Please find the amended tax brackets and rates in the table summarized below:

1. Estate Tax Brackets and Rates

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2. Gift Tax Brackets and Rates

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