Legislators Call for Abolition of Stamp Tax, Finance Minister Pledges Discussion with Local Governments
Taiwanese legislators are advocating for the abolition of the stamp tax, to which Finance Minister Chuang Tsui-yun has agreed to discuss with local governments. Discussions also revolve around the institutionalization and normalization of 'returning tax to the people,' with the handling of surplus tax revenue being a key focus.
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- 📰 Published: April 29, 2026 at 13:24
- 🔍 Collected: April 29, 2026 at 13:31 (6 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 13:46 (14 min after Collected)
Central News Agency
(Central News Agency reporter Wang Yang-yu, Taipei, 29th) Regarding legislators' hopes for the government to review and abolish the stamp tax, Finance Minister Chuang Tsui-yun stated that the stamp tax is a local tax and she would invite local governments for discussion. As for the institutionalization and normalization of 'returning tax to the people,' she frankly said that taxes are levied according to law, and the nation's fiscal resilience is a very important matter.
The Finance Committee of the Legislative Yuan today reviewed the central government's general budget for fiscal year 2026, including budgets for the Ministry of Finance, with Chuang Tsui-yun and others present to explain and answer questions.
Democratic Progressive Party legislator Kuo Kuo-wen questioned, pointing out that outdated tax systems should be reviewed. He mentioned that the previous abolition of the entertainment tax received excellent public feedback. Considering current digitalization, the overlapping nature of stamp tax and entertainment tax, and the fact that the industry and the Executive Yuan had previously advocated for abolishing the stamp tax, coupled with local governments now receiving over NT$400 billion more in funds, he asked if the stamp tax should also be abolished following the logic of abolishing the entertainment tax.
Chuang Tsui-yun stated that the amount of stamp tax is much higher than the entertainment tax, but as it is a local tax, she would invite local governments for discussion.
Furthermore, Kuomintang legislator Lai Shih-bao questioned whether 'returning tax to the people' should be institutionalized given the current booming stock market. Kuo Kuo-wen also focused on related issues during his questioning, noting that stock transaction tax collected in the first quarter reached NT$123.7 billion, projected to break records this year. With opposition legislators now calling for the institutionalization and normalization of 'returning tax to the people,' he asked if the Ministry of Finance has any coping strategies, suggesting the funds could be used to subsidize labor and health insurance or to assist CPC Corporation, Taiwan, and Taiwan Power Company.
Chuang Tsui-yun responded that there is no such thing as 'returning tax to the people,' because taxes are always levied according to law. If the actual collected amount exceeds the budgeted amount, there are relevant provisions in the Budget Act, the Public Debt Act, and the Fiscal Discipline Act, and the nation's fiscal resilience is a very important matter. (Edited by Lin Shu-yuan) 1150429
(Central News Agency reporter Wang Yang-yu, Taipei, 29th) Regarding legislators' hopes for the government to review and abolish the stamp tax, Finance Minister Chuang Tsui-yun stated that the stamp tax is a local tax and she would invite local governments for discussion. As for the institutionalization and normalization of 'returning tax to the people,' she frankly said that taxes are levied according to law, and the nation's fiscal resilience is a very important matter.
The Finance Committee of the Legislative Yuan today reviewed the central government's general budget for fiscal year 2026, including budgets for the Ministry of Finance, with Chuang Tsui-yun and others present to explain and answer questions.
Democratic Progressive Party legislator Kuo Kuo-wen questioned, pointing out that outdated tax systems should be reviewed. He mentioned that the previous abolition of the entertainment tax received excellent public feedback. Considering current digitalization, the overlapping nature of stamp tax and entertainment tax, and the fact that the industry and the Executive Yuan had previously advocated for abolishing the stamp tax, coupled with local governments now receiving over NT$400 billion more in funds, he asked if the stamp tax should also be abolished following the logic of abolishing the entertainment tax.
Chuang Tsui-yun stated that the amount of stamp tax is much higher than the entertainment tax, but as it is a local tax, she would invite local governments for discussion.
Furthermore, Kuomintang legislator Lai Shih-bao questioned whether 'returning tax to the people' should be institutionalized given the current booming stock market. Kuo Kuo-wen also focused on related issues during his questioning, noting that stock transaction tax collected in the first quarter reached NT$123.7 billion, projected to break records this year. With opposition legislators now calling for the institutionalization and normalization of 'returning tax to the people,' he asked if the Ministry of Finance has any coping strategies, suggesting the funds could be used to subsidize labor and health insurance or to assist CPC Corporation, Taiwan, and Taiwan Power Company.
Chuang Tsui-yun responded that there is no such thing as 'returning tax to the people,' because taxes are always levied according to law. If the actual collected amount exceeds the budgeted amount, there are relevant provisions in the Budget Act, the Public Debt Act, and the Fiscal Discipline Act, and the nation's fiscal resilience is a very important matter. (Edited by Lin Shu-yuan) 1150429