June 2017
The Statute for Securities Transaction Taxes was revised to reduce the securities transaction tax for intraday trading to 0.15% (Taiwan)
2017.4.26
Yi-Shan Cheng
The securities transaction tax for intraday trading is reduced to 0.15% under Article 2-2, which is newly added to the Statute for Securities Transaction Taxes (hereinafter, the "Statute") and promulgated via the Hua-Zhong-One-Yi-10600050391 Presidential Decree of April 26, 2017.
Under Article 2 of the Statute before amendment, a securities transaction tax is assessed on the securities seller based on the trading price for each transaction. In case of shares issued by companies and certificates or vouchers evidencing stock rights, the tax is assessed at 0.3%, while the tax rate is 0.1% for corporate bonds and other securities approved by the government.
However, Article 2-2 is added to the Statute in this amendment to stipulate that within one year after the effective date of this article, for intraday trading conducted through the same account and on the same trading day by buying and selling the same types or amounts of listed or OTC spot stocks through orders placed by the same securities firm, the securities transaction tax shall be assessed at 0.15% of the trading price for each transaction at the time of selling, and the Article 2, Subparagraph 1 shall not apply.
Yi-Shan Cheng
The securities transaction tax for intraday trading is reduced to 0.15% under Article 2-2, which is newly added to the Statute for Securities Transaction Taxes (hereinafter, the "Statute") and promulgated via the Hua-Zhong-One-Yi-10600050391 Presidential Decree of April 26, 2017.
Under Article 2 of the Statute before amendment, a securities transaction tax is assessed on the securities seller based on the trading price for each transaction. In case of shares issued by companies and certificates or vouchers evidencing stock rights, the tax is assessed at 0.3%, while the tax rate is 0.1% for corporate bonds and other securities approved by the government.
However, Article 2-2 is added to the Statute in this amendment to stipulate that within one year after the effective date of this article, for intraday trading conducted through the same account and on the same trading day by buying and selling the same types or amounts of listed or OTC spot stocks through orders placed by the same securities firm, the securities transaction tax shall be assessed at 0.15% of the trading price for each transaction at the time of selling, and the Article 2, Subparagraph 1 shall not apply.
