OrbitaxPrivate ruling on source of income from service charges paid to foreign securities brokers
|Approved Changes|Taiwan
The Taipei National Tax Administration (TNTA) recently issued a private ruling on the source of income of securities brokers who engage in foreign securities transactions.
Under the current rules, a domestic broker acts as an intermediary between clients and foreign brokers and only earns a spread from the foreign transactions. Prior to the issuance of the privat…
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