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Taiwan Extends Day Trading Tax Break

by Mary Swire, Tax-News.com, Hong Kong

03 May 2018


Taiwan's Parliament has passed an amendment to the Securities Transaction Tax Act extending a tax break for traders on the island's stock exchange.

The amendment means day traders will continue to pay transaction tax at the rate of 0.15 percent, which is half the normal rate, until December 31, 2021. The lower rate has also been extended to securities dealers.

Taiwan's Ministry of Finance said it is designed to improve the liquidity of the local stock market.

TAGS: Finance | tax | Taiwan | stock exchanges | stamp duty | trade | Tax

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