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Taiwan Issues Notice on Tax Treatment of Virtual Currencies as Security Tokens

28 December 2020

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Approved Changes

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Taiwan

Taiwan's Ministry of Finance has issued a notice on the tax treatment of virtual currencies as security tokens, which may be subject to securities transaction tax at the rate of 1‰ (0.1%). --- Trading of security tokens with the amount of funds raised less than NT$30 million, offered and issued following the regulation set by the Taipei Exchange, subject to the securities transaction tax For answering the question "whether security tokens are subject to securities transaction tax," the Ministry of Finance (MOF) stated as follows: 1. The explanatory decree No.1080321164 by the Financial Supervisory Commission (the FSC) on 3 July...