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The Legislative Yuan yesterday passed an amendment to the Securities Transaction Tax Act (證券交易稅條例) that extends a tax cut on day-trading transactions through the end of 2024. The cut — which reduces taxes on traders buying stock and selling it later in the same session from 0.003 percent to 0.0015 percent — had been set to expire on Friday next week. Seeking to boost market liquidity and higher turnover, while attracting more investors, the government first implemented the tax cut for one year on April 28, 2017. In April 2018, the measure was extended for three years and eigh...

The Council of Indigenous Peoples and the Hakka Affairs Council should take advantage of the popularity of <i>Seqalu: Formosa 1867</i> (斯卡羅) and <i>Gold Leaf</i> (茶金) — two period dramas produced in Taiwan — to develop more tours to Aboriginal and Hakka villages, lawmakers said yesterday. Council of Indigenous Peoples Minister Icyang Parod and Hakka Affairs Council Minister Yiong Con-ziin (楊長鎮) were yesterday were invited to a meeting of the legislature’s Internal Administration Committee to brief lawmakers about their plans to promote Aboriginal ...

Newly passed law amendment allows fines for same-sex harassment 12/29/2020 04:48 PM Illustrative photo from Unsplash Taipei, Dec. 29 (CNA) Taiwan's Legislature on Tuesday passed an amendment to a law on sexual harassment to expand the penalty to same-sex perpetrators. Under the amended act, verbal sexual harassment is punishable by a fine of up to NT$6,000 (US$213.25), regardless of the perpetrator and victim's gender. Prior to the Legislature's passage of the amendment bill Tuesday, Article 83 of the Social Maintenance Order Act listed the NT$6,000 maximum fine only in cases where the harass...