Taiwan MOF Clarifies Tax Treatment of Income From Unlisted Stock Trading by Individuals

The Taiwanese Ministry of Finance Oct. 23 clarified the tax treatment income from unlisted stock trading by individuals. The clarification includes that: 1) individuals must include income from personal trading of unlisted stocks in calculating income basic tax; 2) unlisted stocks include those issued or placed privately by companies not listed on an exchange, stocks not traded at a broker’s office, and new stock option certificates, share payment certificates, and certificates showing related rights; 3) an exemption applies to trading income if the company that issued or privately placed the stock is a domestic high-risk startup approved by the central ...