Futures Transaction Tax

Under the Futures Transaction Tax Act, futures transaction tax shall be levied on following transactions:
1. Stock index futures contracts; and
2. Options contracts regarding stock index futures or stock options.

Both parties to the transaction have to pay futures transaction taxes. Futures brokers, however, would act as tax collecting agents as with securities transaction taxes.

Futures tax is levied on value of each futures contract based on the following rates:
Futures Contract Tax rate
Stock index futures contracts 0.025%~0.15%
Current rate: 0.025%
Options contracts regarding stock index futures or stock options 0.125%~0.75%
Current rate: 0.125%

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