Did anyone confirm if this also applies for foreign brokers/securities? With Taiwanese tax consultant or CPAs.
Because, no capital gains tax for stocks is usually the rule in Asian countries. But only when you use the local stock market. When you touch foreign stocks, usually different rules apply, for example, the progressive income tax or something worse.
Won’t capital gains with foreign brokers fall under foreign-sourced income with the 6.7 mil NTD AMT rule? Or possibly normal progressive income tax, because you after all click “buy” and “sell” in taiwan, so not really foreign income.
Imo, the rule has been misinterpreted optimistically. And people got away with it, because of ingrained tax evasion culture. The guy on my first reddit link actually asked the tax bureau and consultants, and the responses were basically they don’t care.