Taiwan's Ministry of Finance has announced that the Legislative Yuan approved on 21 December 2021 an extension of the reduced Securities Transaction Tax for day trading on the Taiwan securities market. The tax was reduced from 0.3% to 0.15% (1.5‰) in April 2017 for a period of one year in order to support the market by promoting liquidity and trade volume and was subsequently extended an additional three years in April 2018. As approved by the Legislative Yuan, a further three-year extension is provided to 31 December 2024 (Taiwan year 113).