Prior to distributing dividends, the securities issuer shall make public announcements in advance to notify the bearer shareholders to make registration, and produce a statement which indicates the names, addresses, Citizen's ID No. of bearer shareholders and amount of dividend to be distributed, and submit the statement to the competent tax authority.
At the time securities holders carry out registration for distribution of dividends or transfer, the securities issuer shall examine proof of securities transaction tax payment by the previous holder, and report to the competent tax authority if it is found that securities transaction tax has not been paid.
The securities issuer shall be held liable for repaying taxes if it fails to report non-payment of securities transaction tax as described above.