Taiwan's Ministry of Finance has issued a notice to clarify the levy of securities transactions tax where a company buys back its shares for transfer to its employees.
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When a company assigns or transfers its own treasury stock to its employees, it shall be subject to a securities transaction tax.
The National Taxation Bureau of the Central Area, M.O.F. said that shares bought back by the issuing company and transferred to its employees by a specific number of shares with a transfer pr…