acknowledged<\/a> <\/strong>that the country lacks a clear system for taxing cryptocurrency earnings. Finance Minister Chuang Tsui-yun admitted that effective tracking of individual crypto transactions has not been implemented.<\/p>\nLawmaker Lai Shyh-bao raised questions about the fairness of the current tax approach, noting that crypto traders might avoid paying taxes due to the absence of stringent audits. Lai argued that, despite cryptocurrencies being classified as digital assets, there\u2019s no clear directive to ensure investors report their gains.<\/p>\n
Tax officials, including Sung Hsiu-ling from the Taxation Administration, emphasized that individuals are still obligated to report income from crypto. However, the system\u2019s implementation remains unclear, with enforcement proving difficult. Wu Lien-ying, head of the National Taxation Bureau of Taipei, mentioned that only crypto exchanges with anti-money laundering licenses are taxed, but there\u2019s still uncertainty around how taxes are enforced for traders on these platforms.<\/p>\n