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Trading of security tokens with the amount of funds raised less than NT$30 million, offered and issued following the regulation set by the Taipei Exchange, subject to the securities transaction tax

For answering the question〝whether security tokens are subject to securities transaction tax,〞the Ministry of Finance (MOF) stated as follows:


1. The explanatory decree No.1080321164 by the Financial Supervisory Commission (the FSC) on 3 July 2019 defined virtual currencies having the nature of securities, hereafter referred to as “security token,” as securities depicted in Paragraph 1, Article 6 of the Securities and Exchange Act. Later, the FSC issued an explanatory decree that any issuer with the amount of less than NT$30 million in fundraising should follow the regulations of the Taipei Exchange Rules Governing the Operation by Securities Firms of the Business of Proprietary Trading of Security Tokens, granting an exemption from obtaining an effective registration for the issuing of securities according to Paragraph 1, Article 22 of the Securities and Exchange Act.


2.Therefore, the MOF issued an explanatory decree on 16 April 2020 that the “security token” mentioned in the above regulations is “the other securities approved by the government” as defined in Paragraph 2, Article 1 of the Securities Transaction Tax Act, and the selling of said tokens shall be subject to securities transaction tax at the rate of “1‰.”


Press Release Contact: Miss. Su, Section Chief 
Phone: +886-2-2322-8146

Release date:2020-12-23 Last updated:2020-12-23