Despite MOF hype, small investors not the winners of new tax code

Focus Taiwan
Date: 2018/01/22
By: Chiu Po-sheng and Frances Huan 

Taipei, Jan. 19 (CNA) The Ministry of Finance (MOF) has pitched its new tax code as being beneficial to small investors because of the tax credit they will get on dividend income, but in fact big shareholders are likely to be the major beneficiaries of the plan.

After the government’s tax bill cleared the Legislature last Thursday, the MOF said holders of stock who do not have other sources of income will come out ahead because they will not have to pay income tax on dividends of up to about NT$940,000 (about US$32.100), and could even get a tax rebate.

It actually oversold the new plan, however, because smaller investors will find there’s little difference compared with the taxes they pay at present.    [FULL  STORY]