Worldwide tax summaries 2013/14

Taiwan tax alert: Impact on capital gains from securities & futures transactions for Taiwan investors 

Jan 2013

The Legislative Yuan has amended the Income Tax Act ("ITA") and imposed income tax on capital gains derived from disposal of Taiwanese securities and futures, which was previously exempted from Taiwan income tax. Starting from 1 Jan 2013, such capital gains will be subject to Taiwan individual income tax. Capital loss can be deducted from capital gain in the current year for sale of shares, but cannot be carried forward.

Rosamund Fan
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