The donor is generally the taxpayer of the gift tax. Gift tax is calculated based on the fair market value of the taxable assets on the date of transfer, less exemptions and deductions. For gift events taking place, an exemption of NT$2,440,000 per taxpayer annually is allowed. In addition, gifts such as donations by givers to the government, public schools, non-profit organizations, government-owned shares from public enterprises, religious groups and charitable organizations are exempt from the gift tax.