Taiwan MOF Explains Taxation of Capital From Transfer of Limited Company Shares

The Taiwanese Ministry of Finance Feb. 21 explained the taxation of capital from a transfer of shares by a limited company shareholder. The explanation clarifies that: 1) limited company shares aren’t considered securities and are exempt from the securities transaction tax; 2) income from the transfer exceeding the original capital investment is considered income from property; and 3) income or loss from the transfer must be reported on the shareholder’s annual return. [Taiwan, Ministry of Finance, 02/21/20]

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