- Taiwan’s Ministry of Finance said business sales of virtual assets and stablecoins are not subject to business tax (VAT).
- The interpretation aligns tax treatment with the new Virtual Asset Service Act and international practice.
- Fees/commissions charged by virtual asset service providers for exchange services are still taxable.
- NFTs are not covered by this exemption and remain subject to business tax when sold or exchanged for goods/services.
Source: mof.gov.tw
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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