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Taiwan Issues Clarification on Securities Transaction Tax Obligations

|Approved Changes|Taiwan
Taiwan

The Taiwan Ministry of Finance has published a brief release to clarify the payment of Securities Transaction Tax when trading securities. The release clarifies that in accordance with the Security Transaction Tax Act, the trading of securities, with the exception of government-issued bonds, is subject to the transaction tax. The tax is to be collected by the buyer (collecting agent) at the ti…

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