In recent years, the governing authority in Taiwan has frequently made amendments to Taiwan tax laws that directly affect the tax obligation of individuals who have high net worth and income. Specifically, the highest marginal tax rate of individual income tax has increased from 40% to 45%, and the available dividend tax credit for individual shareholders has been reduced by half.

In addition, due to international anti-tax-avoidance legislation, the tax burden and risk exposures for these high-net-worth/income individuals have been substantially increased. As a result, for many small and medium-sized family businesses in Taiwan, seeking a tax-effective business succession plan has become their key concern for transferring family wealth to the next generation.

Through comprehensive and thorough evaluation together with their accumulated practical experience, KPMG's experienced tax professionals are able to assist the client in implementing a strategic approach for business succession, with the aim of rationalizing the total tax burden and risk exposures to achieve the goal of sustainable business operation.