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National Taxation: FAQs on Gift Tax Part 1

According to regulations, for assets not included in the total value of gifts, taxpayers can apply for a certificate of exclusion from the total gift amount from the National Tax Bureau (Photo / from National Tax Bureau’s Facebook)
According to regulations, for assets not included in the total value of gifts, taxpayers can apply for a certificate of exclusion from the total gift amount from the National Tax Bureau (Photo / from National Tax Bureau’s Facebook)

Q: Is gift tax applicable to gifts between spouses?
A: Property given between spouses is not included in the total gift amount and is exempt from gift tax. However, for cases requiring title transfer registration, taxpayers must report to the National Tax Bureau to obtain a certificate of exclusion from the total gift amount for the transfer process.

Q: If there are tax-related questions, is there a convenient way to inquire?
A: You can call 0800-000-321 during business hours or use the 24-hour National Tax Smart Assistant for around-the-clock online tax services.By using the National Tax 24-Hour Smart Assistant - National Tax Helper, you can enjoy online tax services anytime (Photo / from the Ministry of Finance Tax Portal)

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