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Today’s Top Headlines

Taiwan Plans Cut To Daily Stock Trading Tax

by Mary Swire,, Hong Kong

03 January 2017

The Taiwanese Government has decided to halve the existing transaction tax of 0.3 percent on day trading over through Taiwan Stock Exchange.

It is expected that the new 0.15 percent tax will encourage stock exchange activity, which has reduced in recent years. After parliamentary approval, it is planned that the tax cut will be in operation for one year. The tax cut may be extended, depending on whether it is effective in boosting share trading activity.

There have been recent calls for reductions in the taxes paid by investors in Taiwan, so as to compete effectively with other financial centers such as Hong Kong and Singapore. A move to introduce a capital gains tax on share trading was scrapped at the end of 2015, due to concerns over the drop in trading.

TAGS: tax | investment | capital markets | equity investment | Singapore | Taiwan | stock exchanges | tax rates | Hong Kong

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