# Investing in Taiwan with Interactive brokers and taxes **URL:** \ **Category:** Taxes\ **Tags:** invest\ **Created:** [February 20, 2020, 6:09am UTC](https://tw.forumosa.com/t/investing-in-taiwan-with-interactive-brokers-and-taxes/188817 "2020-02-20T06:09:14Z")\ **Posts on this page:** 1\ **Showing post:** 44
**Author:** ![overflow](https://forumosa-12829.kxcdn.com/letter_avatar_proxy/v4/letter/o/848f3c/32.png) [@overflow](https://tw.forumosa.com/u/overflow)\ **Post date:** [May 31, 2022, 9:03pm UTC](https://tw.forumosa.com/t/investing-in-taiwan-with-interactive-brokers-and-taxes/188817/44 "2022-05-31T21:03:13Z")
> [@Noel](#): > > And, (drumroll) Taiwan does not have Capital Gains Tax !!! (Very good news!!!) So any gains you make are tax free (it is as good as a TFSA in this way). 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. Similar discussions: > [@Taiwanese capital gains taxes from trading on the stock market](https://tw.forumosa.com/t/taiwanese-capital-gains-taxes-from-trading-on-the-stock-market/190819/6): > > Yes that is the question, do capital gains have to be reported as part of the AMT calculation? It was quoted as such in the 2014 pdf I mentioned, and also in this 2010 slideshow: [https://eiger.law/wp-content/uploads/2016/10/2010-BCCT-AMT-Taiwan-Tax.pdf](https://eiger.law/wp-content/uploads/2016/10/2010-BCCT-AMT-Taiwan-Tax.pdf) I assumed this was no long valid as the new tax on capital gains from securities trading was abolished in 2016, but then I found out that’s a whole different tax. On this page from 2019 someone replies that foreign investments like ETFs and bond… > [@Buying US stocks through a Taiwan-based broker](https://tw.forumosa.com/t/buying-us-stocks-through-a-taiwan-based-broker/75177/54): > > This wasn’t my experience and maybe I’m misunderstanding what you mean. If your foreign sourced income is below 6.7 million it means you aren’t subject to the AMT, but it doesn’t necessarily mean that you pay no taxes. The AMT calculation simply kicks in at that point and you pay the higher of the two between the AMT and standard calculations. Here’s the passage from page 67 of the document you linked: “Resident taxpayers with AMT taxable income of more than NT$6.7 million may be subject to… [https://old.reddit.com/r/taiwan/comments/i3mhep/are\_capital\_gains\_from\_securities\_trading\_taxed/](https://old.reddit.com/r/taiwan/comments/i3mhep/are_capital_gains_from_securities_trading_taxed/) [https://old.reddit.com/r/taiwan/comments/8erjd4/what\_are\_the\_rules\_about\_declaring\_foreign\_income/dxygcst/](https://old.reddit.com/r/taiwan/comments/8erjd4/what_are_the_rules_about_declaring_foreign_income/dxygcst/) 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. --- _[View the full topic](https://tw.forumosa.com/t/investing-in-taiwan-with-interactive-brokers-and-taxes/188817)._