Tax on Equity Trading

National Tax Administration of Taiwan stated that in accordance with Article 162 of Company Act issued by government of Republic of China (Taiwan), share certificates shall be duly certified or authenticated by the competent authority or a certifying institution appointed by the competent authority before issuance. Trading on equity of shareholder shall be subject to individual property transaction instead of security exchange if the company has not issued stocks or issues stocks (that have) not certified by competent authority. And capital gains will be subject to assessment of income tax in accordance with Category 7 of Article 14-1 in Income Tax Act, and shall be integrated into Individual Income Tax Return in the taxable year.