Taiwan's Legislative Yuan has reportedly approved an extension of the securities transaction tax exemption for trading in bank debentures and corporate bonds. The exemption from the tax, which is generally levied at a rate of 0.1 to 0.3%, was set to expire 31 December 2016, but is now extended to 31 December 2026. The scope of the exemption is also expanded to include exchange traded funds that principally invest in bonds.