Taiwan’s Ministry of Finance announced that the Executive Yuan has approved an extension of the reduced Securities Transaction Tax for day trading on the Taiwan securities market for an additional three years, following discussions in its 3,920th meeting on 12 September 2024.
The tax rate was cut from 0.3% to 0.15% (1.5%) in April 2017 for an initial one-year period to enhance market liquidity and trading activity. This reduction was later extended until 31 December 2024.
To support the ongoing development of the securities market and mitigate uncertainties, the Ministry of Finance has agreed to extend the tax reduction for an additional three years, until 31 December 2027.
