Taiwan's Ministry of Finance (MOF) announced the extension of a special tax reduction policy on lottery prize winnings, effective from June 26, 2023, through December 31, 2024. The policy maintains a zero income tax rate on lottery prizes under 40,000 New Taiwan Dollars (NTD), while larger prizes will be subject to temporarily lowered tax rates. The decision aims to boost lottery ticket sales and enhance government revenue amid ongoing economic uncertainties. This continuation of the tax relief is expected to encourage greater public participation in lottery purchases, supporting both the lottery market and fiscal objectives. The MOF highlighted that this tax reduction has been a practical measure to stimulate consumer spending and improve fiscal intake during challenging economic periods. The policy will apply nationwide across Taiwan for the specified duration.